December 6, 2010
If charitable donations are an indication of the economy, then this holiday season offers a small bit of cheer: Area charities say people are giving more now than they were 12 months ago.
Those woods may be thinning, though, said economics professor James Russell. If people or corporate donors are giving more now, it’s likely their economic fortunes began improving months earlier, said Russell, a former University of Georgia professor now at Texas Tech University.
“Ultimately, [donations] are tied to available resources,” said Russell. Enhanced fund-raising, he said, “is a positive sign.”