Corporate giving slows with economy
A slowing economy can be devastating to nonprofit organizations, as the sector faces severe headwinds, both in the increased cost of doing business, and sharp decrease in donations. Though middle class individuals are the first to cut back on their charitable donations in hard economic times, corporate giving is no exception. The faltering US economy has led corporations to forgo philanthropic endeavors, choosing instead to concentrate on their bottom line. Have you noticed your corporation cut back on charitable giving? Have you cut back on personal charitable donations?