Being Charitable in a Slow Economy – A look at both sides of the coin

As a business owner and a community volunteer I love helping our local community as much as possible, however, it seems as if I’ve recently noticed a catch in the system. Non-profits most generally operate on funds provided by the charity of others. They have fundraisers and events, and they take the money raised on these things and use it to fund the cause they support. I serve on a number of these boards so I do know that economic booms and slows directly effect these non-profits. In a thriving economy members of these non-profits and community partners tend to be more generous in giving out money, but when they tighten the proverbial belt during slower economic times, some of these extra expenses are the first to be cut from the budget of many corporations. The problem, however is that as these Corporations cut back on the giving, the non-profits suffer because unfortunately they have to cut back as well.

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