Lucy Bernholz, writing on Philanthropy 2173, hopes she's wrong. While the Foundation Center and other organizations have predicted that giving will stay steady despite the economic crisis, Ms. Bernholz says she has big doubts.
"I don't think a short-term drop in giving is all we're facing here," she writes. "I think we're going to see new banking rules, new credit rules, new housing laws, new charitable giving laws, new philanthropic approaches, new tax structures, new public-service demands and possibly programs, the heads and tails of demographic and generational shifts, and lots of other things that will fundamentally restructure the business of giving as we know it."
A drop in giving this year is just the beginning, she says. She wonders how long we'll have to wait — 2009? 2010? beyond? — until charitable giving recovers.
Do you agree with Ms. Bernholz? How has your organization been affected by the downturn so far?
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