Charitable donations take a hit in lagging US economy (AFP, 12/19) – According to an informal AFP survey, “2008 set to be the worst fundraising year for charities in a decade”
> Survey: Fundraising confidence reaches new low (Nonprofit Times, 12/18)
Steven Pearlstein’s annual giving column (WaPo, 12/19) features several WG members.
Say goodbye to the Picower Foundation (Boston Globe, 12/20), formerly the “71st largest in the United States by assets.” Good grief.
The Phillips Collection has received $23.5 million in recent donations, more than doubling the museum’s endowment. (WBJ, 12/19)
Opinion: In Downturn, Build Up Stock of Affordable Rental Housing (WaPo, 12/20)
With a new $127M shortfall, “The District now faces budget pressures similar to those in neighboring Maryland and Virginia… Maryland’s $2 billion gap represents more than 10% of the budget; Virginia’s $3 billion is about 4%.
> $38 Million Schools Cut Proposed for Md. Counties (WaPo, 12/20)
Food Banks Gain As Holiday Revels Are Trimmed (WaPo, 12/19)