The Hurting & The Hopeful - Charities & the Economic Crisis

Across the country, news stories are emerging that are bringing to light the impact of the economic crisis on charities.

Two surveys have been released concerning charitable donations:
Consumers Plan Further Spending Cuts as the Economy Worsens, Finds New Booz & Company Survey
Seventh Annual GuideStar Nonprofit Economic Survey Reveals Significant Challenges for Charities

Some individual charities are hurting:
Museums Fear Lean Days Ahead
It's a hard time to be a charity
Nation's charities face an uncertain holiday season
Nonprofits, charities brace for the worst
Charities struggle to meet high demand

There are a few bright spots:
Grant Makers Urged to Respond to Financial Crisis
Charities Urge Next President to Expand Giving Incentives
Schwab Charitable Offers Eight Smart Tips to Stretch Charitable Dollars During This Giving Season

It is striking to read about charities that have relied very heavily on certain donors and assessing your own vulnerability in that area would be a good thing to put on your "to do" list before you finish your FY 2009 budget.

It seems there will be plenty of cause for organizations to become as creative as possible in the coming year. CommUlinks will be conducting a survey about what charities might be doing to change their fundraising strategies. Visit our website at www.commulinks.com and sign up for our Forbenefit newsletter to receive the results of that survey when they are available.

Unique Ideas for Managing Tough Times

Nonprofit organizations are extremely creative and typically adapt well to many changing circumstances. We would be very interested to receive comments to the following question:

What is your organization planning to do to adapt to changes in our economic circumstances?

The Economy & Nonprofits

Most nonprofits must be considering at this point how the new economic landscape is going to impact them. There have been many insightful articles written on this subject, and we seek to provide you with information from many sources through our blog. We have created a special links section to articles and other information we have found on this subject that we hope will be useful to you.

The following are some very useful resources:

The Chronicle of Philanthropy has assembled an interesting piece on How Charities Cope With a Troubled Economy.

You may also be interested in listening the NPR's program, All Things Considered, which covered the potential impact on nonprofits.

Listen to the program

Other recent articles:
Vail Valley nonprofits see more need
Wall Street's Financial Crisis Rocks Nonprofits
Wall Street Meltdown Will Hit Charities When Cash Is Most Needed

Most of what we have read so far has indicated that there have been few times in US history when nonprofit donations have decreased. However, many are noting that certain parts of the sector can be affected more than others. The general advice being given is to plan for the worst but hope for the best - but by all means, don't do nothing.

We will bring you as much information as possible on this subject. Please take a moment to join our blog and to send us your blog information so that we may add a link to your blog.