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Article: White flag has no place in philanthropic endeavors!
- Article from:
- Northeast Pennsylvania Business Journal
- Article date:
- November 1, 2008
- Author:
CopyrightCopyright Northeast Pennsylvania Business Journal Nov 2008. Provided by ProQuest LLC. (Hide copyright information)
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Philanthropic history appears to be repeating itself.
Seven years ago this September, four jetliners changed the course of American social, economic and philanthropic history. The stock market plunged and a recession ensued.
Attributes such as confidence and trust all but faded from our vocabulary. Yet, charitable giving spiraled upward, despite it all, during year-end giving season 2001. Billions of dollars were raised for relief efforts. Most of those gifts were tied to the aftermath of 9/11.
As this column is being written in October 2008, the stock market continues on a daily slide and words such as bailout, meltdown and recession nearly dominate conversations and media reports.
The ...