How are those 09’s crunch time budgets shaping up?
Howard Lake | 3 November 2008 | Blogs
Having seen quite a few clients stressing with the hard task of future guessing next years figures, some traits are becoming clear.
Trust income is predicted to fall late 2009 and on into early 2011 with hits being taken in 2010 of around 10-15% (survivable) or even 20% (real scary). Legacy income is being estimated to drop in line with house prices (though it should probably be rather less) at 20-25% in 2009 and the same for 2010 though we all know its another 20-40% drop then don’t we? Major donors at the top end are being written off for 2009 (back to cultivation) but are seen to bounce back in 2010.
The good new is that individual donors, trading and surprisingly company giving are predicted to be relatively unaffected. The recession having restorative powers for fuel and hence food prices and the ability to keep interest rates down; so unless you lose your job you will still keep right on giving to your favourite charity – won’t you?
Are they right? Well, I know better than to put my head over the sand pit…
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.