Salvation Army Struggles to Fulfill Terms of a $1.8-Billion Bequest
June 15, 2009 | Read Time: 1 minute
The Salvation Army’s plans to honor a donor’s $1.8-billion bequest for the organization to build 30 elaborate community centers throughout the country is proving to be nearly impossible, reports The New York Times.
Joan B. Kroc’s donation, which the McDonald’s Corporation heiress left the Salvation Army when she died in 2003, has become yet another victim of the recession. The nonprofit group’s officials say raising additional money to sustain the centers is turning out to be a challenge.
The endowments that made up Ms. Kroc’s bequest fell 30 to 40 percent last year, The Chronicle of Philanthropy reported in February.
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