Thursday, January 29, 2009

When Donors Can't Keep Their Pledges -

When Donors Can't Keep Their Pledges - "As wealthy donors watch their portfolios shrink, a number of philanthropists are finding they may not be able to fulfill a multi-year pledge or continue annual contributions to charities they support.

'We are seeing individuals and families reconsidering amounts they are able to give on both an annual or regular basis,' says Robert Seaberg, a managing director at Citi Global Wealth Management, a unit of Citigroup Inc."

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