Charities Run Out of Money — Just When They Need it Most
Recession takes its toll on donations to good causes
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St Luke's Hospice in Plymouth, which cares for more than 2,000 terminally ill patients every year at a cost of more than £5m, is facing a £500,000 shortfall because of knock-on effects on the charity's investments, which have reduced in value by £120,000, and has had to make a number of staff redundant.
Acorns: 'Making redundancies has been heartbreaking'
Acorns is a charity with three children's hospices in the West Midlands caring for 600 desperately ill patients. Despite the publicity it received when Aston Villa agreed to display the Acorns logo on club shirts for nothing this season, the charity has experienced a decline in donations.
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Jerome Taylor
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