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Decline in Charitable Donations Continues

The latest survey of 2,279 nonprofits by GuideStar shows that charitable contributions between March and May 2009 continue to drop for 52% of respondents, with 8% noting that they may close because of financial problems. The results are similar to those of the same periods in 2008 and in October 2008 through February 2009.

Twenty-nine percent of nonprofits report that donations stayed level, while 18% say they received more donations during March to May 2009.

Bob Ottenhoff, GuideStar's president and CEO, calls the latest trends “both a ‘glass is half full’ and ‘glass is half empty’ scenario.” He is especially concerned that “participants' comments indicate that their organizations are stretched to the limit … and 58% report that demand for their services has increased."

You can download the free report here.

Posted by Kristin Clarke on July 29, 2009 6:17 PM |

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