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Friday, October 10, 2008

Charity News Roundup

In case you missed it, here are some of the headlines making news this week:

  • Tumbling markets in the U.S. and around the world have been dominating headlines as the effects reach individuals of every age, occupation, and income level. Charities are feeling the results of the economic crunch as well. New York City nonprofits are reporting decreased revenue after losing corporate sponsors due to the financial crisis, creating what one article called “A perfect storm.” These partnerships, sometimes called strategic philanthropy because of the advantages for both charities and corporations, have become popular recently, according to a Financial Times article. Colorado charities are reporting similar troubles, according to Rocky Mountain News. America’s wealthiest families are also reducing their contributions according to an article in Forbes Magazine.
  • As America’s philanthropic environment evolves, charities are looking for new ways to reach more donors and renew support. A recent USA today article, titled “The new face of giving,” reported young donors are becoming increasingly involved in charity campaigns, especially with evolving donation technologies, such as mobile giving. Read the article to see more about these and other giving trends.
  • As we all are gearing up for the holiday giving season, USA today has published a good article on “Donating do’s and don’ts.”
  • Finally, there is good news for several charities who received large donations recently to boost revenue during tough times. PetSmart pledged $13.8 million to build seven new spay/neuter clinics in Los Angeles, and the San Diego Symphony, after a $120 million gift from the Jacobs family, is prepared to open this season revitalized, to sold-out concerts and rapid growth. See the San Diego Symphony’s recent growth and success reflected in their four star Charity Navigator rating here.

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