Lowest number, goals of fundraising campaigns in 10 years
HARTFORD — Three reports newly issued by the Connecticut Council for Philanthropy point to a ten-year low in major fundraising campaigns throughout the state.
Both the number of campaigns and the dollar goals have been steadily dropping since 2007, according to Nancy Roberts, Council President, at least in the New Haven, Hartford and Fairfield County regions.
"In the last year alone, the number of campaigns dropped from 64 to 51, and the combined goal total of $344 million is down nearly 30 percent from $492 million in 2010," Roberts reported.
The reasons for the lower goals are varied, she added.
"Twenty-two campaigns closed since our last report,” said Roberts. “Of those, 12 met their stated goal, while five decided not to move forward at this time. Others worked within the amounts they were able to raise."
Of the 43 continuing campaigns, Roberts added, several are re-evaluating their fundraising efforts, extending the length of their campaigns, or seeking other financing.
Only nine new campaigns were added in 2011, compared with 13 in 2010, 12 in 2009, ten in 2008, and an average of 24 in each of the previous three years.
"Collectively, only 47 percent of the combined goal has been raised or pledged to date, leaving nearly $162 million still to be raised," Roberts noted. She attributed the issues to the stalled economy.