December 29, 2010 | last updated May 30, 2012 1:00 am

Economy dampens CT nonprofits' fund campaigns

The economy continues to have a significant impact on major and capital campaigns as Connecticut nonprofits have chosen to re-evaluate fundraising efforts, find other financing options to bring their campaigns to a close or put their campaigns on hold, reports show.

The Connecticut Council for Philanthropy has released three reports that include information on 64 major fundraising campaigns in Greater Hartford, Greater New Haven and Fairfield County.

The complete reports on capital and major campaigns are available on the council's website.

The combined total of the 63 campaigns that have set goals is more than $492 million, down nearly 34 percent from $745 million in 2009. This is due to a number of large campaigns having closed since the previous report.

Of the 22 campaigns that closed, only three met their stated goal; eight organizations listed last year have decided not to move forward with their campaigns at this time; others worked within the amounts they were able to raise in order to complete their projects.

Of the 52 campaigns continuing from 2009, only 10 showed significant change in their amount raised to date while 18 (34 percent of the organizations) showed no change in their amount raised since the 2009 report. Others again reported re-evaluating their fundraising efforts, extending the length of their campaigns, or seeking other financing in order to move forward.

There were 13 new campaigns in 2010 compared with 12 in 2009, 10 in 2008, and an average of 24 in each of the previous three years.

Comments

Type your comment here:

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media