HAMPTON ROADS Business (Printable Version)

HAMPTON ROADS Business (Printable Version): "Local nonprofits benefiting from boosts in donations
By BENITA D. NEWTON , The Virginian-Pilot
� November 10, 2004
Last updated: 9:10 PM

Although stormy economic times have forced many local nonprofits to chop or freeze jobs and tighten belts, the horizon for charitable giving in Hampton Roads is looking sunnier, according to the nonprofit executives surveyed for the region�s 2004 state of philanthropy report.
Sponsored by The Norfolk Foundation and the Hampton Roads chapter of the Association of Fundraising Professionals, �The Dimensions of Philanthropy in Hampton Roads 2004� was released Tuesday at a conference marking National Philanthropy Day. Researchers at the Virginia Beach marketing firm Bonney & Company studied the actual giving record and surveyed the expectations of 62 local nonprofits chosen as bellwethers � groups that are leaders in their nonprofit categories and �indicators of trends.�
Funding for these bellwethers grew from $114 million in 2002 to $184 million the following year, a 62 percent increase. Nine out of 10 of those charitable organizations expect giving to continue looking up in fiscal year 2004. "