The AP is reporting that charitable giving to the Central Virginia United Way has dropped off by about 16 percent. The result will be that United Way has to reduce its donations to other charities by 18.6 percent this year.
From the article:
President and CEO Marie Martin says revenue began to drop in last fall when companies began laying off workers. The organization’s employees took four unpaid furlough days to help make up the loss.
David Larter covers non-profits for BizSense. Please send news tips to [email protected].