Search results for: financial crisis

The aspect of The Atlantic Philanthropies in which people have the most interest is not that we are one of the largest foundations in the world – in fact, the largest private funder in the countries in which we operate, outside of the U.S. –…

  by CLARE NULLIS South Africa will boost spending on education, health and infrastructure projects even though the global economic turmoil is expected to cut growth rates, its finance minister said Tuesday. Trevor Manuel argued that the South African economy will be shielded from the…

by Nancy Trejos Jan Fitzsimmons had the luxury of being able to retire at 47 after 22 years of service with the U.S. Navy. But retirement turned out to be not so luxurious. Now 52 and renting an Arlington townhouse, she is looking for part-time…

By Peter BeattleAMERICANS donated a staggering $290.89 billion to charities last year, notwithstanding the lingering effects of the global financial crisis. This was after a huge decline during 2008 and 2009, when donations dropped to levels not seen since the 1970s.  Australia's most generous philanthropist…

by JOHN LELAND Teresa Denk is 59 years old and lives with her father, a former mechanic who is 92 and requires constant care. Ms. Denk has not held a full-time job since 2000, when her mother developed cancer and required her daughter's full-time care.…

A supplementary budget for the Republic of Ireland contains tough but necessary measures to set the country on the road to recovery after a difficult recession, said Brian Cowen, Taoiseach for the Republic of Ireland, in this speech. Original Source Ceann Comhairle Yesterday, the Minister…

Original Source By: Stephen Pelletier The economic meltdown has had a huge impact on philanthropic organizations: The Council on Foundations, an association of more than 2,100 grantmaking foundations and corporations, estimates that foundation endowment assets have shed some $200 billion in value so far. What…

by CLARE ANSBERRY AKRON, Ohio -- Mary Appleby, 76 years old, lost her job in January as a cashier at a courthouse cafeteria here. She is now looking for minimum-wage work. Mary Bennett, 80, began filling out applications for fast-food restaurants and convenience stores after…

by Sally Evans CHARITIES and non-profit organisations (NGO) are in for a rough two years. Economists say organisations that rely on corporate funding will need to brace themselves for a reduction in cash over the next two years at least. This comes a few months…

Original Source Editorial The rapidly deteriorating economy has confronted states with their toughest budget decisions in years. This month, about 45 states reported budget gaps for the present fiscal year and most expect to struggle with shortfalls over the next two years. The Center on Budget…