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Wednesday Sep 17, 2008
Are you feeling the crunch?
A couple of interesting news snippets caught my eye this week, in the midst of the current financial chaos.
Surprisingly, two of the three were good news stories. The first was Cancer Research UK raising a whopping £420 million in 2007/08, and the second was City Action's comments in the Sunday Times about volunteering by City employees being up by 40% on last year.
On the flip side, The Guardian reports today that charities are "reeling" from the impact of the current economic crisis.
Somewhat boringly for this post, it's probably too early to tell how great the effect will be on fundraising. One thing is definitely true though - the more eggs we have in different baskets the better. Cancer Research demonstrate this pretty well - their income pie chart is fairly evenly distributed, which should help them ride out the financial storm.
We've tried to broaden our income streams over the past few years for precisely this reason, and I certainly wouldn't feel that comfortable right now being a charity that's very dependent on donations from the private sector.
So, are any other fundraisers out there feeling the crunch?
Posted by Sam Thomas ( 11:40 AM ) Link to this post Comments[0]
