Fundraisers hold summit to assess their fortunes

More than 500 fundraisers and charity finance directors are to attend a special meeting next week to discuss the impact of the economic downturn on the voluntary sector.

The meeting, which will be held in London on Monday, will bring together members of the Institute of Fundraising and the Charity Finance Directors' Group to hear the results of a survey examining the effects of the credit crunch on the sector and talk about what action charities should take.

The survey was a collaboration between the institute, the CFDG and accountancy firm PricewaterhouseCoopers. It assessed how organisations were being affected by the downturn and what measures they planned to adopt to survive. More than 360 members of the institute and the CFDG responded to the online survey, which was carried out this autumn.

Delegates will also hear a financial analysis of the downturn and strategies for surviving it.

"There is no doubt that the credit crunch will have an impact on voluntary income," said Lindsay Boswell, chief executive of the institute.

"It is now extremely important for fundraisers to be as informed as possible about the current economic climate and its implications so as to ensure ongoing plans are viable."

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