The Daily Telegraph paints a bleak picture of charities facing a drop in donations through poorly performing stock markets, reduced corporate giving, and a need to protect themselves from a growing “compensation culture” of litigation.
The Telegraph’s report highlight’s the reduction in British Airways’ budget for charitable support, down from
£515,800 last year to £330,000 this financial year. As recently as 2000-2001 it was giving £782,000. Other major corporate givers are cutting back too, according to Corporate Citizen magazine. Its Autumn issue reports that 21 of the top 50 UK corporate donors gave less in 2001-2002 than in 2000-2001.
Read “Charities in crisis as leading companies cut back donations” by Adam Lusher and Thair Shaikh at The Daily Telegraph.
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