How the US Economy Slow Down is Affecting Nonprofit Fundraising and What You Can Do About It

The current economic downturn in the United Statesclothing, and food and are asking for it now.
is beginning to have a negative impact on charitiesThrift Stores - Goodwill Industries and thrift stores
and fundraising. Most charities are bracing for a dropacross the country are reporting that shoppers have
in donations in the coming months.increased dramatically while donations have
According to the Association of Fundraisingdecreased.
Professionals the last quarter of the year, fromOften people donate to charities because they feel
October through December, is when most charitiesthat other people are in situations worse than their
raise between one third and one half of their yearlyown. With many people in the midst of a personal
monetary donations.money crises or worried about the possibility of one
Some of the indications of how charities are beingoccurring, donating money to charity may not be a
affected by the economy are:high priority right now.
National and Community Foundations - Many nonprofitThere are some things that charities and nonprofit
organizations receive a significant portion of theirorganizations can do during tough economic times.
budget from foundation grants. The money that theThey are:
foundations have is frequently in stock marketRemember the basics of fund-raising. State your
investments. The stock market has seen a decline ofneeds in a compelling way. Tell potential donors
around forty percent in the past year andexactly what you need and what you are going to
foundations have less money to give.do with their donation. Let them know how they will
Food banks - Food banks are reporting they arebe making a difference. Do not waste their donations
currently feeding more people than usual and areor give the appearance you may be. Thank your
worried that they will not have enough food to feeddonors as soon as you receive their help.
the needy during the holidays which is when theyThose who supported you in the past, will probably
feed the most people. Donations of money are alsosupport you in the future. Ask for smaller donations
down from previous years.or ask for small monthly donations.
Homeless Shelters - Shelters are reporting that theyExamine areas where your charity can cut back.
are already housing more people than in past years.Large fund raising events, such as holiday galas, which
They are anticipating that when the weather turnsare expensive to produce, can be scaled back or
cold they will need to help more people. Shelters willcanceled. Prioritize your programs and continue with
be needing more donations of money, blankets,the ones that you can afford to do.