News Flash Nonprofits Taking a Direct Hit from the Recession According to an August 25, 2011 article on prnewswire.com, the volatility of the stock market, concerns over the debt ceiling, continued high unemployment and the U.S. credit rating being lowered have lead 68% of Americans to say they’ll reduce their charitable giving in coming months. This information comes out of a new study done by Campbell Rinker on behalf of Dunham+Company. 10% more plan to stop giving altogether until the economy recovers. The top three factors bearing on donor’s willingness to give are: (1) less income due to job loss; (2) personal or living expense cost increases; and (3) uncertainty over the economy. Of those surveyed, the study found: 43% believe the economy will continue to decline 31% believe it will stay the same 17% believe it will improve The drop in charitable giving is just one factor in the financial puzzle facing nonprofit CFO’s. UAC can help replace some of that lost income. UAC provides an often overlooked revenue stream – recovery of taxes unnecessarily paid on utility and telecommunications bills. UAC’s audit and tax recovery services, as well as the future savings created - all done with no out-of-pocket expense to the nonprofit - is a lifeline in the continuing economic storm. UAC’s commitment to helping our nonprofit clients reduce operating costs and improve cash flow goes beyond the tax arena. Be sure to ask about other services including reducing the cost of your natural gas and electric service and a newly patented web based system to accelerate your medical receivables.