 Headlines
OMB Watch Posts Recommendations for Strengthening
Nonprofit Sector
Aspen Institute Releases Statement on Nonprofit
Advocacy Role
Robin Hood Foundation Honors Heroes in Fight Against
Poverty
More Dot-Commers Seeking
Nonprofit Jobs
Falling Stock Market Begins to Affect Charities
Cause-Related Marketing Catches on During Holiday
Season
New Report Grades States on College Opportunities
World Health Organization and OSI Launch Health Network
for Developing World
International Trachoma Initiative Expands Efforts
British University to Establish Research Center on
Corporate Social Responsibility
• • • • • • |
PHILANTHROPY NEWS DIGEST
Many community trusts report that donations are down 10
to 20 percent so far this year, and a few are experiencing
downturns as large as 30 percent. At the same time, national
charities like the American Red Cross
and the Salvation Army
also are suffering
significant decreases in donations. Says Maj. Gary Miller,
development director for the Salvation Army's eastern
region, "It doesn't look like it's going to be a banner
year. Hopefully we'll hold our own."
Since charitable giving is closed linked to the
performance of the economy, it follows that donations will
drop off when the stock market falls. According to the
Journal, the organizations most dramatically affected by a
slowing economy are usually the smaller, community-based
groups that are most dependent on individual donations
for their day-to-day operating expenses.
Officials at the American Red Cross also noted that other
factors, such as fewer natural disasters, may have
affected the level of donations this year. And many
wealthy donors may be waiting to see whether the estate
tax, which has acted as an incentive for charitable
giving by the wealthy, will be rolled back as promised by
George W. Bush if he becomes president.
Gubernick, Lisa. "Giving: The Big Charity Chill-A Season
of Uncertainty Takes its Toll on Donations; The Ghost of
Tech-Stocks Past." Wall Street Journal 12/1/2000.
FC003832
|
