Grand Rapids, MI (PressExposure) December 16, 2009 -- Charities are experiencing steep drops in donations this year and expect the trend to continue next year, but a new charitable fundraising strategy available at [http://www.immediatelegacy.com] is offering an alternative fundraising method that works in economically stressed times.
A recent article in the Washington Post highlights the difficulties that charities are experience, Dennis Tubbergen, CEO of Immediate Legacy(tm), points out.
The Post Article cited a study by the Foundation Center, which noted that foundation giving is expected to drop more than 10 percent this year from 2008 levels, and itâs expected to drop even more than that in 2010, Tubbergen said. The Foundation Center conducted a survey of almost 600 large- and mid-size organizations to get their results.
More than 2 thirds of the charitable foundations that were surveyed by the Foundation Center revealed that they had been forced to cut operating expenses over the past year, by reducing expenses, freezing salaries, and even laying off employees.
âIn todayâs economic climate, itâs no surprise that charities are having difficulty raising funds. Many are using traditional methods to raise funds. In other words, theyâre doing things the way that theyâve always done them and finding that theyâre getting diminished results,â Tubbergen says. âConsequently, charities are finding that theyâre raising fewer funds and the majority of charitable foundations are being forced to cut operating budgets.â
Thatâs why Tubbergenâs Immediate Legacy(tm) concept is so timely.
It can provide an immediate cash donation to charity, a current year tax deduction to the donor, and the return of the money used in the strategy to the donorâs loved ones.