August 3, 2009, The Chronicle of Philanthropy — Confidence in the fund-raising climate continues to be at or near record lows, according to the latest biannual survey of fund raisers conducted by Indiana University’s Center on Philanthropy.
Often the last resort for those in need, the Salvation Army in some cities is experiencing a budget crunch of its own despite a sharp increase in donations.
President Barack Obama is meeting strong Democratic Party resistance to his proposal to reduce tax deductions enjoyed by upper-income Americans and could be forced to drop or modify the idea.
As President Obama seeks to reduce the value of the charitable deduction for wealthy Americans, fund raisers and other nonprofit experts are divided over whether his idea would cause any substantial change in charitable giving.
