Monday, November 10, 2008

CBC: Perfect Storm Bearing Down on Charities

No one's economic picture is looking great these days but for charities things are getting especially dangerous. Unlike many business as their revenues decline their demand is going up. From the CBC:
"Paul Taylor, chief investment officer with BMO Harris, said many charitable foundations in Canada have seen their investments drop because of plunging global stock markets.
"Donations from the donor community are dramatically lower because individuals are feeling the wealth effect," Taylor said. "They're being laid off as well and … the need for service is going up, so it's the perfect storm for them.""
Read the Full Article Here
Some time ago I set up the Facebook group Toronto the Good to help with local emergencies. If there are other groups I should be aware of, people especially in need, or if you have plans for or ideas for fundraisers please let me know and I'll do what I can to help.

It's time to pull together folks, this could be rough. One in four children in Canada lived below the poverty line before the economy went off a cliff.

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