Business & Professional OUTLOOK PRESENT FALL INTO THE BIG%%"U.ST % SAAB SALES EVENT! - OPEN MONDAY AND THURSDAYS gam-9pm Fundraising Debacle New York M will total about $40 million less than foundation officials had anticipated before the recession. Donations Down any people in the Jewish nonprofit world would probably like to wish away 5769. At this time last year, most econo- mists were aware the recession was on our doorsteps. The financial insti- tutions Bear Stearns and Lehman Brothers already had collapsed, the housing market was in the tank and joblessness was on the rise. Nonprofits also had gone from anx- ious to red alert by the time the High Holidays hit. Yet somehow, the situation wors- ened. In 2009, according to a recent Foundation Center survey of more than 1,200 foundations, overall foun- dation giving is expected to decrease and nearly half of the surveyed foundations predict reductions in the number and size of their grants. A substantial share (44 percent) also anticipate reducing the number of multi-year grants. Guidestar, a nonprofit watchdog, also detected alarming trends in its survey of more than 1,000 nonprofits between October and February. More than half of the organizations experienced a decrease in contribu- tions, and about a third of grant makers gave less in grants over the five-month period. Of the organiza- tions that have sliced their budgets, the majority are making ends meet by cutting services and freezing staff salaries, and 30 percent have resorted to layoffs. Eight percent said they were in danger of closing down. In the Jewish nonprofit community, similar signs of philanthropic reces- sion have been clear. Even the stron- gest nonprofits have been hit hard. The largest foundation, the Baltimore-based Harry and Jeanette Weinberg Foundation, lost 13 per- cent of its assets, or $300 million, in the past year. The foundation, with 60 percent of its money invested in the plunging stock market, dropped from $2.3 billion to $2 billion, and its allocations over the next two years Birthright Israel cut $35 million from its 2009 budget, and it has had to revamp how it raises money, shifting toward a more grass-roots approach focused on smaller donations. The fundraising of the UJA- Federation of New York is down 11 percent. The federation in Boston will cut its allocations by 15 percent. The MetroWest federation in New Jersey has a $3 million shortfall. Federations across the board are cutting back. The UJC/Jewish Federations of North America cut staff twice in the last year and had to slash its budget from $37 million to slightly above $30 mil- lion. The Jewish Agency for Israel has had to cut $80 million from its bud- get thus far. The American Jewish Joint Distribution Committee is fac- ing a $40 million budget cut. It let go 40 staffers in May and will cut more this year. The alphabet soup of the Jewish world has laid off hundreds and hundreds of employees; nearly every organization has had to let go of staff. And that's before we even get to Bernard Madoff and his $65 billion swindle, which completely wiped out several foundations and took a major chunk from the endowments of sev- eral institutions and organizations. What the long-term effect will be on Jewish charity remains to be seen. A philanthropy insider who worked for a foundation that was closed because of Madoff's scheme predict- ed that the Jewish community would lose more than $2 billion a year in charitable donations for the next five years. Conversely, the chief fundraiser from a $300 million-a-year Jewish organization said he had yet to hear one donor say he or she could not give because of Madoff losses. Loaded, leather, heated seats, OnStar, XM, cold weather pkg, Auto Trans, 1r wheels, Moonroof. 200993 2.0T 290 Horsepower, 18" Alloy Wheels, AWD, Turn by Turn Navigation by OnStar, XM Radio, Loaded. 2009 9-7x 5.3 V8 Sports Sedan SAVE 14,145 MSRP $46,120 Auto Transmission, power Moonroof, Front & Back Heated Seats, 6-Disc CD Changer, XM Radio. OnStar, Full Power, 17" Alloy Wheels. 2009 95 4 Door Sedan Aero SAVE 12,007 MSRP $41,7 0 SAAB CERTIFIED PRE-OWNED HEADQUARTERS Over 100 Available 9-3, 9-3 Aero, 9-5 & 9-7 6 year/ 100,000 mile warranty — Exclusive Valet Service — Experience Your New Vehicle At Your Home or Office! BORN FROM JETS SAAB ■ Roadside Assistance • Anti-Corrosion warranty • SAAB PEP Headquarters Of TROY Of Lakeside 888.318.7777 888.718.9907 1819 Maplelawn Between Crooks & Coolidge In The Troy Motor Mall 19077 Hall Rd. Macomb, MI 48044 M-59 & Romeo Plank Rd. saaboftroy.com saaboflakeside.com (2) Buy price on 9-7x is based on 84 months with 10% down. (3) Plus tax, title, plates, dest and doc fee. Must be GMS. All rebates to dealer. S2,999 due at signing. Lease on 9-3 and 9-5 based on 48 mths. 2009. Prices subject to change based on GM and/or Saab programs. See dealer for details. (4) Hwy. apa. Programs subject to change based on manufacturers incentives. Expires amps 1524190 N1967810 11-,:kit 1111rre.55i011S a5t As seen on WD1V, Crain's Detroit Business. The Detroit News , --- \- Shots for use on Websites. Business Cards. On Location Head Acting Comp Cards. FaceBook. Linkedin and much much more! - 'F) etroit cad ,51-iot5 2'f-8-66 i--5600 www.DetroitHeadShots.com Changes Needed Despite the carnage, there may be a silver lining: The current crisis is forcing communal leaders to figure out how to build a more sustainable nonprofit system. Happy Healthy New Year!! FREE SCHEDULED MAINTENANCE ON EVERY SAAB YOU BUY OR LEASE Welcome 5770! Last year was one nonprofits would much rather forget. Jacob Berkman Jewish Telegraphic Agency SAVINGS Log on to JNonlinems r giveaways • forums • calendars VISIT JNonline.us Fundraising on page 48 September 24 • 2009 47