Friday, February 15, 2013

Shar McBee: Best of Times, or the Worst of Times for Nonprofit Fundraising?

Shar McBee: Best of Times, or the Worst of Times for Nonprofit Fundraising?: At my local community college, enrollment is up 30 percent but the budget remains flat. Between 30,000 and 60,000 nonprofits disappeared last year and two-thirds of all charitable nonprofits experienced decreasing or stagnant contributions in the first nine months of 2012, according to GuideStar.

At the same time, tech moguls gave 1.4 billion to charity. Fidelity Charitable, an affiliate of Fidelity Investments, took in $3.6 billion, making it a record year and the stock market is at its highest level in five years.

So is it the best of times, or the worst of times for nonprofit fundraising?

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