Word: aided
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Worse, a truly global depression will increase the overall need for assistance, even as charities see donations slow and governments reduce foreign-aid budgets. "It's a double whammy," says Patrick Rooney, director of research at the Center on Philanthropy at Indiana University. "These institutions are on the front line, and you just have to feel sorry for them...
...City children relied on soup kitchens or food pantries, up 48% from 2004. In the developing world, the situation will be even worse. At the United Nations Global Assembly last month, the global-hunger charity Oxfam warned of disastrous consequences for poor countries if the financial crisis affects international aid - which was already down in 2007. Yet at that meeting, French Foreign Minister Bernard Kouchner underlined an uncomfortable reality. "To talk about development or Millennium Goals in the middle of such a crisis is unfair," he said...
Despite criticism of its spending practices, Harvard has won plaudits for upping financial aid to students from middle- and upper-middle-income families beginning this year...
...expects the United States to suddenly care about the rest of the world’s problems. But that’s precisely why it should do so now. Most expect any further U.S. aid to come from philanthropists. If instead the United States leads the charge to reach the MDGs—the world’s single most prized project—during its own “domestic” emergency, it will receive approbation it hasn’t enjoyed in years...
Supporters of the legislation say colleges have been hoarding endowment returns in recent years even as they have hiked tuition and fees and given short shrift to financial aid...