More than half of fundraising consultants expect that the recent stock-market declines fueled by coronavirus fears will hurt fundraising over the next three to six months, according to a new survey.
The Nonprofit Alliance, which conducted the survey, cautioned that the results are based on only 24 responses from fundraising agencies. However, those agencies are speaking for a much larger pool of clients, said Shannon McCracken, chief executive of the alliance.
“Everybody is feeling insecure because the stock market is on a roller coaster,” McCracken said. “That doesn’t inspire charitable giving.”
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