NONPROFITS: Industry a significant part of NWI's economic engine

Times Board of Economists - An econonic update from Harry Vande Velde III, president and CEO of the Legacy Foundation
2013-01-27T00:00:00Z 2013-12-18T16:30:34Z NONPROFITS: Industry a significant part of NWI's economic engineBy Vanessa Renderman, (219) 933-3244

The nonprofit community is a significant part of the economic engine in Northwest Indiana, Harry Vande Velde III said.

“We are a player at the table,” he said. “The not-for-profit community is a significant catalyst and driver in Northwest Indiana.”

The sector is employing more people, and the wages are nearing those of jobs in the for-profit industry, he said.

Nonprofit employment grew 23 percent from 1995 to 2009, according to a statewide analysis of Indiana nonprofits.

In terms of giving back, Vande Velde said the Legacy Foundation has awarded $30 million into the community.

Nationally, not-for-profits increasingly are turning to social media for fundraising, but traditional means of soliciting donations are still the most common, according to a survey by the Nonprofit Research Collaborative.

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