Credit crunch

ahai1

What has been the impact on the charity sector?

fengirl_2

According to an article in one of todays trade press e bulletins, donations to charity shops are down and stocks are low.

ahai1

People must be keeping the stuff for longer. Charity shops are a growth area during econmic crisis.

scuzz

A small charity near me is fighting against closure owing to the credit crunch. They help wildlife and have dealt with a record number of call outs on top of rising prices, so really need help.

It's a very sad time for all, especially those who help others

ahai1

I agree but it's going to get a lot worse as the cash flow hits. That is why a lot of the larger one's have commercial partnerships and don't rely on direct donations all the time.

vegankris

I imagine a lot of people will be selling things on ebay etc instead of donating them to charity shops.

Caterina

The charity I work for is funded by Trusts, but recently we have had a few applications turned down and I think that this is because all the investments that the Trusts have made must be down like all other investments. So it looks like a difficult time coming.

Caterina

ahai1

I agree as most of the trusts don't have money in the bank but in long term savings and investments.

Caterina

Ah well, I have put something re. donations and doubling donation money in a different thread, hope it will attract some interest!

http://forums.moneysavingexpert.com/showthread.html?p=16182205#post16182205

Caterina