Tuesday, October 17, 2006

Stock market surge may boost charities - USATODAY.com

Stock market surge may boost charities - USATODAY.com: "By Sandra Block, USA TODAY
If the stock market sustains its strong performance through the rest of the year, investors won't be the only winners. Charities will likely benefit, too.

Historically, stock market performance has been closely correlated with charitable giving, research by the Center on Philanthropy at Indiana University shows. Charitable giving rose sharply in the '90s, then dropped off as the market sank.

'I'm very optimistic for charities this holiday season,' says Trent Stamp, president of Charity Navigator, which rates charities. 'I think it could be the biggest year in five to 10 years.'"

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