April 23, 2009
Latin American Groups See Drop in Support as Many Corporations Cut Contributions
While the effects of the economic downturn vary greatly in Latin America, charities there say they are experiencing declines in support.
In Mexico, where philanthropy is perhaps best established in the region, 55 percent of charities reported a drop in donations in 2008, according to a survey by the Mexican Center for Philanthropy, the country's largest association of nonprofit groups. Thirty-eight percent said donations had held steady.
"Things won't be easy for charities
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