June 18, 2009
Giving Takes a Beating
Donations dropped by 5.7% last year, new report says
Donations to nearly every type of charity faltered in 2008, as contributions declined by 5.7 percent last year after inflation — the steepest decline Giving USA has reported since it started estimating donations in 1956.
And the situation is growing even worse this year, according to The Chronicle's interviews with fund raisers from 65 institutions. Forty of the fund raisers said giving was on the decline this year, and 21 said donations had decreased by