Cafamerica: Rising Interest Rates May Soon Boost Recession-pinched Charitable Giving
Parallels Seen to UK CAF Survey, But Higher U.S. Rates Could Aid Nonprofits Struggling with Lower Contributions From Donors Pinched by Recession, Weak Returns Tied to Low Interest.
July 7, 2009 — Is there some good news on the horizon for U.S. charities hampered by reduced donor contributions? A recent Charities Aid Foundation (CAF) survey found that 42 percent of charities in the United Kingdom are struggling to deliver services because of the ongoing recession. The survey also showed that low interest rates have reduced contributions and are forcing almost half (45 percent) of charities to dip into their savings or reserves to deliver essential services, a pattern that is further weakening the finances of charities already facing fundraising pressures.
- Companies:
- Charities Aid Foundation
- People:
- Susan Saxon-Harrold
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