NEW YORK, September 21, 2009, Reuters — The international financial crisis will result in less money pledged to tackle global problems at former U.S. President Bill Clinton's philanthropic summit this week and there will likely be more U.S.-focused plans because of the recession, organizers say.
WASHINGTON, August 16, 2009, Reuters — The popular "cash-for-clunkers" program is boosting U.S. auto sales and manufacturing but is also slashing donations to charities that rely on gifts of cars to fund social programs, charity officials say.
July 30, 2009, Reuters — Philanthropy does not seem to have been hit by the global economic downturn. Contrary to some initial fears after the stock market plunge last year, giving by the rich to charitable causes seems to be rising as younger donors get more active in the field. But the report by Barclays Wealth, the wealth management arm of the British bank, says faith-based charities face falling donations because they’re not in step with this new generation of philanthropists.
NEW YORK, June 2, 2009, Reuters — Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on Tuesday.
ANTIBES, France, Reuters, May 22, 2009 — Former U.S. President Bill Clinton called on guests at an amfAR AIDS research charity gala in France to give more to good causes during the recession.
WASHINGTON, April 28, 2009, Reuters — President Barack Obama said on Monday he would nominate Dr. Eric Goosby as the U.S. global AIDS coordinator, picking a former Clinton AIDS official to run one of President George W. Bush's most successful programs.
VIENNA, Reuters, April 1, 2009 — Two million euros in three months: that's the cost so far for Vienna's Albertina Museum, home to landmark Impressionist works by Monet and Renoir, as the financial crisis pulled some of its most generous sponsors.
The recession is prompting the leading hunger relief charity in the United States to speed up its current development plan by two years to meet demand for its services.
Times are tough for U.S. non-profit organizations, so tough that some employees at one are donating their own money to help stave off layoffs and keep their projects going.
US colleges and universities lost nearly one-quarter of their endowments' worth in the first half of their fiscal year, forcing them to cut staff and budgets just like corporations hurt by the financial crisis.