September 20, 2007
Jittery Stock Market Could Affect Year-End Donations
The volatile stock market has not yet caused any major problems for charity fund raising, but experts warn that continued ups and downs or a sharp drop in stock values this fall could hurt nonprofit groups — especially since some raise the bulk of their donations in the last quarter of the year.
"A big market downturn would certainly pose problems for both capital campaigns and big grant requests," says Melissa A. Berman, president of Rockefeller Philanthropy Advisers, a
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