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Turmoil in financial markets, stagnant growth, and a weakening economy have affected all of us around the globe. An economic crisis may force many to curb holiday spending, but may make some more likely to give a “charitable gift” as a present according to a World Vision survey just conducted by Harris Interactive. This study along with one by the Giving USA Foundation show that charitable giving has statistically increased even through periods of economic downturn.
Can philanthropy survive the economic downturn? Can the looming recession create a rebirth in the true meaning of the holiday season? Let us know your thoughts…
Diane Bruno, Public Relations Manager, DDB Worldwide
This page contains a single entry from the blog posted on December 9, 2008 3:47 PM.
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Comments (1)
Michael Faudet
It's an interesting question.
Personally, I'd like to think the answer is an absolute 'yes'.
Whilst this economic downturn has indeed proved worthy of the prefix 'the', it is not the
first challenge or will it be the last that philanthropy has faced.
Throughout history, not matter how bleak a given time may have been, the desire to benefit humanity has prevailed. No matter the level of adversity or even the threat of persecution. In fact many have given their lives for 'the cause'.
As far as now is concerned, I cannot imagine what kind of world it would be if our humanity did indeed follow the stock market and crashed to an all time low.
A global moral bankruptcy?
Not on my spiritual watch and hopefully not on yours either.
To me, there has never been a better time or need for philanthropy.
And as 'The Economic Downturn' bites even harder into all our lives, in one way or another, perhaps philanthropy will be the last status symbol any of us can afford.
Posted by Michael Faudet | January 16, 2009 10:12 AM