A Few Charities Buck Layoff Trends by Hiring Workers, Creating Jobs
Chronicle of Philanthropy, by Caroline Preston
Thursday, October 1, 2009
Share Our Strength, the Washington charity that fights hunger, has been particularly cautious about its expenses since the recession started. But this month, the group added two new positions to help with fund raising and marketing, one to build ties with companies and the other to seek big gifts from individuals.
Chuck Scofield, chief development officer, says his charity recognized that spending money to expand its 13-person fund-raising and corporate-marketing staff was the only way to achieve an ambitious goal to end childhood hunger in the United States by 2015. The group has also seen enough interest from donors to justify the new positions.
“Absolutely, economic times are difficult, but this issue is more important to Americans than ever,” Mr. Scofield says.
Share Our Strength is one of a handful of nonprofit groups that are creating new jobs even as the country is still reeling from the worst recession since the 1930s.
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Philanthropists Set Spending Deadlines
The Wall Street Journal
May 21, 2009
By Shelly Banjo
A growing number of philanthropists are adopting spending deadlines and sunset provisions to ensure urgent global needs are addressed in a timely way.
By granting the entirety of funds within a certain period of time, these charitable efforts are looking to have a bigger immediate impact than traditional foundations, which are typically set up to last forever and pay out roughly 5% of assets a year.
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