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Despite Struggles, Entrepreneurs Find Ways to Give Back

9/21/2010
September 21, 2010

 

Despite Struggles, Entrepreneurs Find Ways to Give Back

The New York Times

by Jim Witkins

September 21, 2010

The economic slowdown that started in 2008 affected just about every aspect of Gumas Advertising’s business — including the company’s long-time support for charities in the San Francisco area. “In good times, we did not have to scrutinize our charitable giving or employee perks,” said John Gumas, the company’s president. “But in these economic times, we’ve really had to think through what we could afford to give and still be able to make a difference.”

By the end of 2008, some 60 percent of small-business owners like Mr. Gumas reported that the economic downturn had affected their charitable giving, according to a study whose sponsors included The Chronicle of Philanthropy, a newspaper that covers nonprofit organizations. Tough times have compelled small-business owners like Mr. Gumas to rethink long-held business practices. But many are finding creative ways to continue their support for good causes — a practice that can have positive side effects. Here are some suggestions based on the experiences of small-business owners. Click here to continue reading at NYTimes.com

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Broward County Inspiring Philanthropy over 25 years