AHP: Budget Proposals Will Thwart Charitable Giving, Endanger Hospitals

Despite these extra efforts, 85 percent of survey respondents said their philanthropy programs were negatively affected by the economy last year, forcing almost half to downgrade giving projections for the year. Annual direct mail campaigns and special event fundraisers were hard hit. Overall, far fewer major gifts were secured, and 40 percent of respondents reported declines in revenue from government and private grants, and 80 percent cited declines in investment income, with 43 percent seeing a significant decrease.