On Bauer Business Focus – a conversation on how the downturn in Houston’s economy has effected nonprofit organizations with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
Director for the Center for Philanthropy and Nonprofit Leadership at Rice University Angela Seaworth stopped by Bauer Business Focus to discuss how nonprofit organizations are adjusting in an economy that is less than ideal.
“Just like any other organization, they have to prioritize and cut back on nonessential functions,” Seaworth said.
Most of the donations that organizations receive are from individual donors. 80 percent of donations in Houston come from individuals. And this time of year, their generosity is even larger. Because of the downturn in the Houston economy, fundraisers really need to capitalize on this time of year to be able to meet their goal numbers, according to Seaworth.
“What we know historically is that when we have an economic downturn, individuals shift their giving to basic needs and health and human services so that giving actually increases,” Seaworth said. “For arts and culture organizations, that giving tends to dip, and we have seen that in every recession and economic downturn since we’ve started studying giving trends.”
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