March 30, 2009, The Financial Times — Financial services executives are increasingly offering their skills to provide free advice to charities, even as their public image is battered by the economic crisis.
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OAK BROOK, Ill., April 1, 2009 — In support of National Volunteer Month, Ronald McDonald House Charities(R) (RMHC(R)) is encouraging people to give back to their communities through the Charity's "30 Ways in 30 Days" Campaign. Starting in April, people can visit rmhc.org to get daily inspiration on ways to give back, reminding them that by volunteering they give families one of the biggest gifts of all - more time together while their children are being treated for serious illnesses.
When the economy slumped, Althea Collins was among 100 people let go in November from Fair Isaac Co. in San Rafael, the firm that created the FICO credit score system to determine loan interest rates.
The move to expand the country’s national-service programs got a significant boost on Wednesday, when the House of Representatives adopted legislation to create an array of new volunteer projects and a Senate committee approved a similar measure.
Until November, Lisa Traina had a classic New York glamour job: organizing private parties in the Art Deco opulence of the Rainbow Room. Now she spends 10-hour shifts walking down gritty sidewalks trying to persuade homeless people to go to the Bowery Mission for food and shelter.
According to a recent study by the National Association of Colleges and Employers, companies intend to hire 22 percent fewer college graduates this year compared to last year's class. In early reports from the NACE's study of 2009 graduating seniors due out in April, as many as 63 percent of students surveyed are concerned that the economy will negatively affect their job prospects.
Call it job-search therapy, skills development or simply community assistance. No matter how it’s labeled, local volunteerism is way up.
Even in gloomy economic times, extending a helping hand can brighten employees' outlook, said Murray Martin, president and chief executive officer of Pitney Bowes.
President Obama's call to community service is getting a big boost from the recession. Applications are soaring at government-funded service programs, the stimulus package includes $200 million to boost those efforts and Congress is looking for more ways to expand opportunities to help others.
In a speech to a joint session of Congress, President Obama called on lawmakers to pass a bill that would greatly increase participation in national-service programs.