Using a supply-demand framework, a six-equation model is specified to generate hypotheses about the relationship between state aid and student performance. Theory predicts that an increase in state or federal aid provides an incentive to decrease local funding, but that the disincentive...

This first issue of 2012 comes at a time when the economy of Europe is still in turmoil and the presidential election contest is heating up in the United States. Both venues raise critical policy issues and concerns in which nonprofit organizations play a central part.