November 27, 2008
Stock Market's Drop Will Probably Reduce Number of Gifts of $1-Million to $50-Million
The economic downturn is unlikely to cause any major decrease in the number of gifts of $50-million or more that donors make to charities, a new study suggests. But the drop in the stock market is likely to sharply reduce the number of gifts of $1-million to $50-million.
Commissioned by the fund-raising consulting firm CCS and conducted by the Indiana University Center on Philanthropy, the study examined 4,844 gifts of $1-million or more from wealthy individuals that were publicly
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