As anyone could imagine charities and non-profit organizations are in need. There are not many examples in history when times get tough giving goes up. It’s tough and even the “top” organizations are feeling the pain, even those with hefty endowments. According to a recent AP article
Neither the National Council of Nonprofits nor the Council on Foundations, both based in Washington, keeps track of how many of its members are struggling with endowments that are now underwater.
But “anecdotally, it is a serious problem. And if the current financial downturn continues, the problem will only get worse,” said Harvey Dale, director of the National Center on Philanthropy and the Law at New York University.
So it’s back to the fund raising campaign for many organizations that have been fortunate enough to live off well-performing endowments. VacationHomesForCharity.org encourages 2nd home owners to donate time. Every little bit helps.