October 16, 2011
Why Some Charities Performed Better During the Recession
The depressed economy has caused a significant drop in gifts to the nation’s 400 biggest charities, according to The Chronicle’s data. Since 2007, the charities suffered an overall drop in contributions of $6-billion, to $70.3-billion last year, when inflation is taken into account.
While the overall picture is stark, some charities did far better during the downturn than others. Among them:
• The Entertainment Industry Foundation (No. 104), whose
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