Charity fundraising harder than five years ago, says report
Howard Lake | 25 February 2003 | News
A report from JP Margan Fleming Asset Management today reports that 57% of charities are finding it more difficult to raise funds than they did five years ago.
The report added that 55% of charities were having to reduce their charitable activities because stock market falls had reduced their assets. It stated that more than 75% of charities had experienced a fall in the value of their assets in the year to September 2002: of these, 36% had lost between 11% and 20%.
James Saunders Watson, head of charities at JP Morgan Fleming Asset Management, argued that companies were still not taking advantage of Gift Aid to make donations to charities.
Advertisement
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.