Meet with your finance committee now: Lessons from the Great Recession’s impact on charitable giving amidst current market shocks
ASU Lodestar Center
MARCH 18, 2020
According to a study by The Russell Sage Foundation and The Stanford Center on Poverty and Inequality, the GFC reduced total giving by 7 percent in 2008 and by another 6.2 And, despite slight upticks in 2010 and 2011 in giving, they were still well below pre-GFC levels. percent in 2009. Finally, don’t panic.
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