Thursday, November 06, 2008

Roller Coaster Ride

Tracking the economy and its effects on nonprofits lately has me feeling like I am on a roller coaster ride. I have that kind of sick to my stomach feeling just after you leave the highest point of the ride and begin the lightning speed descent downward. I am glad we are securely strapped in.

It looks like working through the current economic conditions may take a while. According to an article published today by Guidestar titled "Fasten Your Seatbelts: It's Going to Be a Bumpy Giving Season" gave results of a recent survey. The survey states that 35% of respondents noticed a decline in giving. This is the largest percentage of organizations that have seen decreases since 2003. For comparison-only 38% of respondents noted increases this year in giving-compared to 52% last year that reported increased giving to their organization.

These are uncertain times for all of us. Next time, I will offer strategies for non-profits to weather the storm.