Word: spare
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After recently losing a major donor, Spare Change News, a “street newspaper” sold by the homeless on the sidewalks of Cambridge, is facing severe financial difficulties, aggravated by the current economic crisis...
...Spare Change, a publication of the Homeless Empowerment Project designed to both provide the poor and homeless with jobs and educate the public about issues related to homelessness and poverty, has weathered financial crises in the past. But Eck said the recent loss of a major donor has him more worried than ever before...
...what he describes as a “change in and loss of personnel” that led to a recent merger with Boston-based Whats Up magazine–which became a supplement in Spare Change– Eck said that the paper has alienated a member of the Buffet family who previously donated $40,000 a year to the publication...
...loss of this gift will make Spare Change News much more dependent on their biannual appeal for contributions, published on the back page of the paper in November and March. Each appeal, which encourages readers to send donations to the paper in an enclosed envelope, typically generates $25,000 to $30,000 dollars...
According to Eck, however, it won’t take huge numbers to keep Spare Change afloat...