Friday, February 22, 2008

Non-profits fear shrinking donations

Non-profits fear shrinking donations: "Local non-profit organizations expect individual giving to decrease more than 5 percent this year due to strains on the economy. Corporate giving is expected to shrink as well.

Some charitable groups say they've already experienced a hit in donations from corporations and individuals.

'The last time (about five years ago) there was a downturn, the individual giving went down 3 to 4 percent. The corporation giving leveled,' said Patrick McWhortor, Alliance of Arizona Nonprofits president and chief executive officer."

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