Word: charityitis
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Lehman Brothers CEO Dick Fuld may have helped ignite the financial apocalypse, but consider this: in 2006, through his Kathy and Richard S. Fuld Jr. Family Foundation, Fuld also gave away more than $5 million. The Lehman Brothers Foundation gave another $39 million last year to charity, either directly or...
The crisis couldn't come at a worse time: many charities, such as City Harvest, which delivers leftover food from restaurants to the needy in New York City, collect the bulk of their donations during the holiday season, and with unemployment on the rise and 401(k) plans tanking, it...
The number of people in need of charity is steadily rising, a situation that's sure to get worse as the economy slides and nonprofits' coffers run dry. From 2004 to 2007 - when New York's economy was doing well - the number of city residents who used the Food Bank...
That's exactly the sort of recessionary rationalization that charity leaders fear. For now, nonprofits are preparing for winter by paring back on nonessentials, even as they look to expand their base of donors. If the downturn is prolonged, we might see consolidations in the nonprofit sector, just as there...
Californians can vote this November to end such institutionalized cruelty. The rest of us can donate to the “yes” campaign online, and urge our Californian friends to vote. Beyond that, we can work to make America entirely cage-free. And if charity starts at home...