A survey conducted by some of the charity organizations have found out that the charity has gone down by 10% as the people pulled their hands back due to recession. According to Investec Private Bank around 71% of people said that they donated a good amount of money to many of the relief funds in 2009.
Another survey showed that one among five people said that they had reduced the amount of money they gave for charity as recession was hounding them in a great deal. Investec also said that the fall in income was expected to have been made worse for charities since the returns they are receiving are very low in deposit accounts. Charities normally hold around 15% of their assets in cash.
Charities like other sectors have suffered the harshness of recession and a drop in donations is affecting many of the organizations to carry pout their good work said Jack Jones of Investec Private Bank. To solve this problem many of the deposit accounts are also offering terrible interest rates so it is crucial that they shop around for accounts that will give them a good return.
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Another survey showed that one among five people said that they had reduced the amount of money they gave for charity as recession was hounding them in a great deal. Investec also said that the fall in income was expected to have been made worse for charities since the returns they are receiving are very low in deposit accounts. Charities normally hold around 15% of their assets in cash.
Charities like other sectors have suffered the harshness of recession and a drop in donations is affecting many of the organizations to carry pout their good work said Jack Jones of Investec Private Bank. To solve this problem many of the deposit accounts are also offering terrible interest rates so it is crucial that they shop around for accounts that will give them a good return.
Other posts:
Angelina Jolie & Brad Pitt move ahead for charity
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