American Red Cross Faces Deficit, Fund-Raising Woes - Philanthropy.com

American Red Cross Faces Deficit, Fund-Raising Woes - Philanthropy.com: "American Red Cross Faces Deficit, Fund-Raising Woes

The American Red Cross is facing a $200-million deficit, a nearly empty disaster-relief fund, stagnant fund raising, and large loans it took out to help victims of recent disasters, reports The Wall Street Journal."