New survey of nonprofits (Grant Thornton)

Most nonprofits responded to the troubled economy and heightened scrutiny in 2009 by cutting costs and taking steps to be more accountable, a new survey says.

Among 465 nonprofits:

• 87 percent reduced expenses
• 57 percent reduced personnel
• 53 percent delayed capital projects
• 56 percent revised their strategic plans to reflect the economic downturn
• 58 percent rebalanced their investment portfolios
• 39 percent changing their investment policies