May 6, 2009
Big money donors are still giving too.
CT's May cover story discusses how the routine monthly giving of millions of evangelicals is keeping ministries afloat during the so-called "Great Recession." The story confirms the magazine's December cover story on why automatic and routine giving is most faithful. (Though it presents the opposite conclusion on the story of American Christian giving.)
But the big givers are still giving during this recession too. The National Christian Foundation announced today that it just passed out its 2 billionth dollar. The organization is a non-profit that provides "donor advised funds" that collect the donations of wealthy individuals to be dispersed at a later date. It has been around since 1982, and the NCF gave out its 1 billionth dollar just three years ago. Since 2006, it's given out another billion.
The $1.5 million gift that put NCF over the top was from "The Green Fund to Reach the Children," a donor-advised fund of Hobby Lobby and its CEO David Green.