Charities In Need This Season
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These nine charities have been hit particularly hard by the Wall Street crisis. Here are a few of them, and included on the link is what we can do to help:
1. Food Bank
Why they’re hurting: Washington Mutual and Lehman Brothers used to hold corporate volunteering days at the Food Bank’s 90,000-square-foot warehouse in Hunts Point. “Now we’ve lost that entire network,” says spokeswoman Carol Schneider. Meanwhile, the number of people who need the Food Bank’s services is rapidly rising. “I just got an e-mail from the Bed-Stuy Campaign Against Hunger,” says Schneider. “They’ve seen 1,200 people in the last two days. At least 50 of the families are completely new.”
2. Citymeals on Wheels
Why they’re hurting: The fall of Bear Stearns and several generous hedge-fund donors has taken a huge toll. “Altogether, we’ve lost $1.286 million this year. That’s about 200,000 meals,” says executive director Marcia Stein. While volunteers are always needed, what the charity really could use is more cash. “We need to make up losses in a time when food costs are rising by more than 7 percent.”
3. United Way
Why they’re hurting: The organization has long-standing relationships with Fortune 500 companies like Bank of America and JP Morgan Chase, but many have cut back on their annual giving. “Our revenues are down, but our needs are up,” says Steve Kaufman, senior director of community affairs. “For every job lost on Wall Street, an additional 3.3 jobs are lost throughout the state’s economy,” a state of affairs that will undoubtedly affect the low-income communities his group serves.
4. Big Brothers, Big Sisters
Why they’re hurting: Bear Stearns was involved in the charity’s workplace-mentoring program, which brought teenagers into an office twice a month throughout the school year to learn about the professional world. “We have 47 corporations that have managed to stay with us,” says Michael Corriero, director of the New York office. “But if one leaves, that’s ten, fifteen, twenty kids left without a place to go.”
5. Habitat for Humanity
Why they’re hurting: Volunteers (including many former Bear staffers) are still willing to wield a hammer to build affordable-housing units for Habitat, but it’s the high cost of construction materials that will likely restrain projects. Since 2002, construction costs have shot up $112 per square foot. “It’s so crucial that we get donations,” says executive director Josh Lockwood. “We have a project in Brownsville where there are 8,000 requests for 41 condominiums.”
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Tis' the season, as they say.
1. Food Bank
Why they’re hurting: Washington Mutual and Lehman Brothers used to hold corporate volunteering days at the Food Bank’s 90,000-square-foot warehouse in Hunts Point. “Now we’ve lost that entire network,” says spokeswoman Carol Schneider. Meanwhile, the number of people who need the Food Bank’s services is rapidly rising. “I just got an e-mail from the Bed-Stuy Campaign Against Hunger,” says Schneider. “They’ve seen 1,200 people in the last two days. At least 50 of the families are completely new.”
2. Citymeals on Wheels
Why they’re hurting: The fall of Bear Stearns and several generous hedge-fund donors has taken a huge toll. “Altogether, we’ve lost $1.286 million this year. That’s about 200,000 meals,” says executive director Marcia Stein. While volunteers are always needed, what the charity really could use is more cash. “We need to make up losses in a time when food costs are rising by more than 7 percent.”
3. United Way
Why they’re hurting: The organization has long-standing relationships with Fortune 500 companies like Bank of America and JP Morgan Chase, but many have cut back on their annual giving. “Our revenues are down, but our needs are up,” says Steve Kaufman, senior director of community affairs. “For every job lost on Wall Street, an additional 3.3 jobs are lost throughout the state’s economy,” a state of affairs that will undoubtedly affect the low-income communities his group serves.
4. Big Brothers, Big Sisters
Why they’re hurting: Bear Stearns was involved in the charity’s workplace-mentoring program, which brought teenagers into an office twice a month throughout the school year to learn about the professional world. “We have 47 corporations that have managed to stay with us,” says Michael Corriero, director of the New York office. “But if one leaves, that’s ten, fifteen, twenty kids left without a place to go.”
5. Habitat for Humanity
Why they’re hurting: Volunteers (including many former Bear staffers) are still willing to wield a hammer to build affordable-housing units for Habitat, but it’s the high cost of construction materials that will likely restrain projects. Since 2002, construction costs have shot up $112 per square foot. “It’s so crucial that we get donations,” says executive director Josh Lockwood. “We have a project in Brownsville where there are 8,000 requests for 41 condominiums.”
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Tis' the season, as they say.
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