Experts in charitable giving say donations from Alaskans can’t make up funding losses caused by vetoes

Experts in charitable giving say donations from Alaskans can’t make up funding losses caused by vetoes

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Charitable giving in Alaska is influenced by unique factors that limit how much money can be raised and how fast, said Laurie Wolf, who heads up The Foraker Group, which works with nonprofits across the state.

The tradition of cash philanthropy in Alaska is young, and there isn’t a lot of what’s called “generational wealth," which might come from a family that accrued wealth several generations ago and is in the habit of giving. Residents also tend to be more transient, Wolf said, which might also keep them from making a significant donation. The world of corporate and foundation giving, like the state’s population, is small.

“On the corporate and foundation side, we just don’t have that many. It’s not New York City,” she said.

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Corporations can’t carry all the weight either, she said.

“Every company is telling us the requests far outnumber the amount that they are giving,” she said. “Could corporations give more money, they could if they wanted to, but they still couldn’t fill the gap. ... That’s not a realistic expectation.”

Source Name: 
Anchorage Daily News
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