Charles Best, founder of the New
York-based nonprofit DonorsChoose, sat in his garment district
office yesterday and contemplated the loss of his biggest
corporate benefactor after the bankruptcy of Lehman Brothers
Holdings Inc.
The Lehman Brothers Foundation gave DonorsChoose $500,000
each of the past three years, or 7 percent of its most recent
operating budget. It pledged another $500,000 for 2009. Best said
the money was key to the national expansion of his 8-year-old
organization, which enables individuals to fund projects proposed
by public school teachers.