White flag has no place in philanthropic endeavors!
Wednesday, November 5th, 2008The following article appeared in the November 2008 edition of the NEPA Business Journal.
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. (more…)