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Article: GIVING WISELY AND WELL; CHARITIES EXPECT DISASTER-FREE YEAR AND STRONG STOCK MARKET TO HELP FUNDRAISERS.(MONEYWISE)
- Article from:
- The Post-Standard (Syracuse, NY)
- Article date:
- December 25, 2006
CopyrightCOPYRIGHT 2006 All rights reserved. Reproduced with the permission of The Herald Co. by the Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Peggy McGlone Newhouse News Service
Investors aren't the only ones enjoying the stock market's recent surge. Charities are benefiting, too.
A buoyant stock market churning out record highs has charity officials feeling bullish that this year's donations will reach a level not seen since the '90s boom.
The market's timing couldn't be better. The Dow Jones industrial average - the best-known measure of how shares of big companies are performing - finished above 12,000 for the first time Oct. 19 and has kept plowing ahead.
The surge coincides with the start of the biggest giving season of the year, as one-third of all donations are made around the ...