British Charities Get Recession Help From Lottery Fund
June 25, 2009
The British agency that doles out national lottery revenues to nonprofit organizations announced plans to provide an extra $74.2-million in the current financial year to help charities weather the recession, reports Third Sector Online.
As part of a new six-year strategy, the Big Lottery Fund said it will give at least 80 percent of its money to voluntary and community groups this year rather than the customary 60 to 70 percent. The extra money will come from budgets that would otherwise have been used to create new grant programs when existing programs close.
