Fundraising skids in 2008 | Philanthropy Journal
As the recession took hold and settled in last year, fundraising by U.S. charities began to falter, a new study says.
Many charities raised less money in 2008 than they did in 2007, and those that did raise more saw smaller gains than usual, says the eighth annual State of Fundraising survey from the Association of Fundraising Professionals.
Last year, 46 percent of organizations raised more than in 2007, compared to six in 10 that typically show fundraising growth from one year to the next.