October 14, 2008
Pet aid foundations flounder in tight economy
As the U.S. economic climate continues to darken, another unfortunate victim is appearing: the pet health-care financial assistance fund. There are dozens of these funds, which accept donations to help pet owners pay for veterinary medical bills. Many are state-specific, but there are only a few national organizations that provide money for pet owners in need, and as of this week, five of them are no longer accepting applications for assistance. “We’re hurting. We’re all out of money,” said Jacki Hadra, founder of In Memory of Magic (IMOM). “We’re getting more applications than ever, but fewer donations.” Claire Gaudiani, a professor at New York University’s Heyman Center for Philanthropy and Fundraising said that these organizations can expect to see a drop-off in donations. “Historically there is a decline in giving that is associated with a decline in wealth-building,” Gaudiani said. “It’s different in different periods; it’s hard to predict how severe this will be.”