Island nonprofits must be ready for tough times - The Honolulu Advertiser - Hawaii's Newspaper

Island nonprofits must be ready for tough times - The Honolulu Advertiser - Hawaii's Newspaper: "First, contributions decline in a recession. Indiana University's Center on Philanthropy studied the last five national recessions since 1973 and found that giving dropped an average of 1.3 percent compared to a rise of 4.3 percent during non-recession years. When asked how their organizations will fare in 2008, nonprofit respondents to a survey conducted by the Association of Fundraising Professionals found that only 58 percent of fund raisers said they expected their organizations to raise more money in 2008 than in 2007 — the lowest level of optimism since 2002, when gifts to charities fell when the stock market declined after the dotcom bubble burst and the Sept. 11 attacks."