Wednesday, February 04, 2009

Charities Brace for Economic Slowdown


Six-figure charity donations from Wall Street warriors dried up with corporate year-end bonuses this year. The children's charity World Vision made up for the difference by calling its donor list one by one.

That worked this time around, but as the global economic downturn widens, non-governmental organizations are being forced to make hard decisions and redouble fundraising to ensure the world's neediest people do not become the crisis' forgotten victims.

World leaders including U.N. Secretary-General Ban Ki-moon, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and former President Bill Clinton launched passionate appeals at this week's World Economic Forum not to let the economic crisis become an excuse to turn away from the world's poorest

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