New York, NY, March 31, 2009 — In the midst of a deepening economic crisis, the more than 75,000 U.S. grantmaking foundations nevertheless increased their giving 2.8 percent in 2008 to an estimated $45.6 billion, according to Foundation Growth and Giving Estimates: Current Outlook (2009 Edition), released today by the Foundation Center.
March 31, 2009, Chronicle of Philanthropy — Assets at the nation’s largest private foundations fell by a median of 28 percent from 2007 to 2008, and 40 percent of grant makers who participated in a new Chronicle survey say they expect giving to decline in 2009.
March 31, 2009, The Wall Street Journal — No loan is too small for small businesses these days.
With many banks continuing to put a hold on lending, more small-business owners and would-be entrepreneurs are turning to microlenders, organizations that dole out smaller loans typically ranging from as little as $500 to $35,000.
I attended a webinar last month titled "Are Nonprofits Helping or Harming?" and was interested in its "big picture" viewpoint. While we try to focus almost exclusively on tips and news of interest related to fundraising here, I found a lot of the big-picture points important. I mean, how can you fundraise successfully if your organization isn't achieving the objectives of its mission? The advice shared in the webinar, which I detail here, might reveal some big-picture things your organization can work on to help it better achieve its mission (and make your job of raising funds easier).
America's nonprofits, including the "lifeline” organizations that many depend on for food, shelter, and other basic services, are strained to the breaking point, according to a survey released today by Nonprofit Finance Fund (NFF). The survey of 986 nonprofit leaders in markets nationwide captures the financial state and particular challenges facing these organizations.
President Obama last night defended his controversial budget proposal to cut the rate for charitable tax deductions for wealthy people, arguing that the policy shift would not have an adverse effect on charitable giving.
When SNAP Long Island needed some extra money earlier this year, it asked its bank for an extension on its existing line of credit.
Almost six out of 10 people who responded to a survey by data analysis firm G2 Data Dynamics said their donations had not changed as a result of the economic downturn.
British corporate philanthropy is expected to fall by more than a third over the next year as a result of the financial downturn, according to a poll of 450 business leaders released on Monday.
Social entrepreneur Daniel Ben-Horin, whose multimillion dollar San Francisco business TechSoup Global connects charities to computer companies, sees an upside to the economic downturn.
