In 2006 ? two years before the financial crisis wreaked havoc on the U.S. economy ? Americans gave an astounding $295 billion to charity. With the U.S. economy presently mired in recession and Americans? pockets not as deep, there has been a sharp decline in charitable donations. According to the Philanthropy News Digest, Americans wrote off $172.9 billion in charitable contributions in 2008, a 10.6 percent drop from 2007, and gave an estimated $148.6 billion in 2009.
A depression in giving is also seen by foundations across the country. In 2009, The New York Times reported that ?Some 9 percent to 12 percent of foundations are in spend-down mode, and roughly a quarter are considering the idea.?
Join us for a conversation with Ana Oliveira, President of the New York Women?s Foundation (NYWF), an organization that mobilizes resources to create an equitable future for women, families and communities in New York City. Oliveira will provide her insights on the impact of the recession on foundations in general, the New York Women?s Foundation in particular, and what this means to our City.
Registration is free and open to the public.