# Cash in on dollar's strength, urges CAFAmerica - Link: https://fundraising.co.uk/2009/01/08/cash-dollar039s-strength-urges-cafamerica/ - Published: 2009-01-08T12:55:51+00:00 - Author: Howard Lake [⌊Dollar Heart⌉⌊Dollar Heart⌉[ CAFAmerica, part of the Charities Aid Foundation international network, is encouraging UK charities to make the most from the changes in the pound/dollar exchange rate. The US dollar has increased by 34% against the pound by over since the beginning of the financial year in April 2008. CAFAmerica therefore recommends that UK charities make the most of opportunities to fundraise in the US. Every $200 donated to a UK charity through CAFAmerica at the end of the financial year in April 2008 was worth £101: the same sum donated last week would have been worth £135 to the charity. Susan Saxon-Harold, CEO of CAFAmerica said: “In addition to the generous exchange rate, there are other reasons that UK charities should look to fundraise in the USA. The USA is home to the world’s most wealthy philanthropists and as a nation donates around £120 billion a year to charity”. ## Advertisement CAFAmerica helps UK charities fundraise in the USA with its ‘Friends Of’ Charity Fund, rather than the more expensive option of requiring charities to set up a standalone US nonprofit. CAF America can also transfer one-off donations to UK charities from the US at a low cost and without the loss of any tax-breaks for the donors. www.cafamerica.org Photo: [Dollar Heart by cmpalmer, on Flickr](http://www.flickr.com/photos/cmpalmer/99806770) * **[Wootton George Consulting offers free advice on surviving recession](https://fundraising.co.uk/2009/01/12/wootton-george-consulting-offers-free-advice-surviving-recession/)**( 12 January 2009) * **[One third of Christmas appeals outperformed previous year, says CAF](https://fundraising.co.uk/2009/01/13/one-third-christmas-appeals-outperformed-previous-year-says-caf/)**( 13 January 2009) * **[Gulbenkian Foundation to give more to fewer charities](https://fundraising.co.uk/2009/01/20/gulbenkian-foundation-give-more-fewer-charities/)**( 20 January 2009)