Charitable healthcare giving after the 2001 recession, which was milder and shorter than the Great Recession, did not recover to pre-downturn levels for roughly three years. Donations to hospitals and health systems plunged 31% in 2002 after the eight-month recession that began in March the prior year, according to the Association of Healthcare Philanthropy.
The group's latest figures, released this week, do not reflect such a steep drop for 2009, but nonetheless, Bill McGinley, AHP's president and CEO, says he believes giving will recover more slowly from the recession that ended in June 2009 than it did from the last decade's first recession. Read more at Melanie Evans' Of Interest blog. »