Wall Street Journal
Responsibility of Donors in Response to Madoff Crisis
Posted January 29th, 2009 by Gena Rotstein@consciousgovern Brought to my attention on his latest Twitter post this article from the Wall Street Journal on how one group of charitable investors are trying to help organizations who have been affected by the Madoff Ponzi Scheme.
Amid Donation Downturn, Charity Aids Non-Profit Madoff Victims
The article states that people's confidence in fundraising is at an all time low. I wonder how much this confidence is influenced by the media and how much is people actually choosing to cut their philanthropy. What I have noticed with my clients is that they are not cutting the dollar value of the gifts, rather they are cutting the number of organizations that are recieving those donations.
What are your thoughts? How would you like to see the organizations that you support address the current financial market?
