June 24, 2012
Charities Face a Steep Climb to Make Up Losses From the Recession, Says 'Giving USA’
Charities may spend the next decade trying to make up the ground they lost when donations plunged during the Great Recession. And bearing the brunt of the tough times may well be all the charities not favored by America’s very wealthiest citizens.
The long slog charities face became clearer last week when “Giving USA,” the yearbook of American philanthropy, announced that for the second year in a row, charitable giving barely grew.
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