Impact from “The Street”

According to The Chronicle of Philanthropy, as Wall Street reels from Lehman Brothers’ collapse and AIG’s federal takeover, charities are bracing for a tough fund-raising environment, especially as many donors are growing increasingly worried about their own financial portfolios.

Also, given their reliance on corporate gifts, arts groups that have relied heavily on giving by financial giants and their executives are especially anxious about this week’s Wall Street meltdown (The Washington Post).