Charities’ Fund Raising Barely Keeping Up With Lost Donations
By Holly Hall in Chronicle of Philanthropy, September 14
Charities are barely raising enough money from new and repeat donors to kee up with the losses from people who have stopped giving, according to a new study of donor records for 2,377 charities.In total, the charities in the study raised more than $1.6-billion last year. But for every $5.35 that they received in donations, they lost $5.54 from donors who gave less or stopped giving altogether.
As a result, contributions fell by an average of 1.9 percent.