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Report Foresees Tough Times for Religious Charities

July 31, 2009, 12:43 pm

Research that shows wealthy people are maintaining their giving during the recession and younger donors are becoming more active does not necessarily bode well for religious nonprofit groups, Reuters reports on its FaithWorld blog.

The recent Barclays Wealth report on giving by high earners states that arts and religious organizations face an uncertain future, with big donors telling the wealth-management house that “these causes had become less important to them over the past 10 years.” The report predicts a 16-percent drop in contributions for religious charities, while giving for health care, the environment, and children is expected to rise markedly.

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