M&A wave strikes charities

02/25/2009 | CNNMoney/Fortune

The recession is inhibiting corporate M&A but inspiring a new wave of consolidations in the nonprofit world. A recent survey of nonprofits found that 20% expect a merger will feature in their survival strategy. "If you can figure out a way to preserve people's missions and their brand, there's really efficiencies in coming together," says Fred Chaffee, CEO of the Arizona's Children Association, which has absorbed six other organizations.

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