A third of donors in the UK intend to give less to charity over the next six months, according to new research.
Nonprofits already face the prospect of fewer donations amid turmoil at Wall Street firms and other companies. Now, they could face another donation deterrent: Washington's plans to curb executive pay.
Fundraising results from Carl Bloom Associates’ Direct Marketing Library Consortia ; a cooperative group of big and small public libraries across the country ; were very strong in the last few months of 2008. Acquisition direct mail response rates were more than double those for the year before for one co-op member and up about 80% year-to-year on average for all participating libraries.
Details of the agreement between congressional leaders on a compromise economic-stimulus measure are not yet all available, but an initial summary shows that lawmakers restored some social spending that had been cut in the Senate version of the bill.
The economic-stimulus package passed by the Senate today does not include a number of measures that nonprofit and foundation leaders had proposed to help ease the impact of the recession on the philanthropic world.
The Jewish Funders Network announced today the launch of a Crisis Loan Fund to assist nonprofits harmed by the Madoff Ponzi scheme. With an initial pool of $5 million, The Crisis Loan Fund will provide bridge financing and interest subsidies to eligible 501(c)(3) nonprofits facing budget shortfalls as a result of the scheme. The fund was created through a collaboration of JFN members. JFN has also launched a Pro Bono Resource Bank that offers consulting services to nonprofits who are struggling in this down economy.
President Obama’s announcement this week that he plans to limit executive pay and perks at financial companies seeking federal bailout aid should send a message to nonprofit groups’ leaders and their board members.
Survey results just released by the Council on Foundations at the Family Philanthropy Conference in Indianapolis showed that family, independent, and public foundations experienced a 28 percent decline in their asset values over the course of 2008. Many foundations have not made major changes to their investment strategies, but a substantial proportion are making changes in their investment managers, their diversification, and aggressiveness of their investment strategies.