Charities Brace for Challenges From Jittery Stock Market

Over the past year, the stock market has had a relatively steady climb with the DJIA at 11,295 in September 2006 and reaching a new all-time high of 14,121 in July 2007. However, recent volatility has many concerned about the health of the stock market and has nonfprofits wondering what impact this may have on fundraising.

The volatile stock market has not yet caused any major problems for charity fund raising, but experts warn that continued ups and downs or a sharp drop in stock values this fall could hurt nonprofit groups — especially since some charities raise the bulk of their donations in the last quarter of the year.

Full text article by Elizabeth Schwinn available via the Chronicle of Philanthropy, 9.6.07.