This lousy, lousy, lousy, lousy economy [News, 1.27]



First, the bad news:

Credit Crisis Is Leaving Charities Low on Cash (NYTimes, 1/23)
Bear Market for Charities (WSJ, 1/24)
When Donors Can’t Keep Their Pledges (WSJ, 1/27)
Economic downturn frays America’s safety net (CSM, 1/26)
Can Volunteers Be a Lifeline for Nonprofit Groups? (NYtimes, 1/24)

And now, some pick-me-ups:
In midst of economic recession, WG member Calvert Foundation experienced robust asset growth in 2008 and attracted more socially minded investors (wire, 1/27). “Calvert Foundation focuses on using investment capital, rather than conventional philanthropy, to create a sustainable, scalable model that enables nonprofit organizations, microfinance institutions and social enterprises to address critical social problems.”

Gates Group Plans to Give More in 2009 Despite Losses (NYTimes, 1/26)
2009 Annual Letter from Bill Gates“I am impressed by individuals who continue to give generously even in these difficult times.”