Friday, August 07, 2009

'Cash for clunkers' effort hurts nonprofits

The San Francisco Chronicle reports:
The cheers accompanying Thursday's $2 billion extension of the "cash for clunkers" program are not shared by Point Richmond's Vehicle Donation to Any Charity. It's seen a 20 percent drop in donations since Cash for Clunkers began last month. That's a big dent in the $3 million the company usually raises from reselling donated old cars and distributes annually among 4,500 charities nationwide. Beneficiaries include Goodwill Industries, Meals on Wheels, Alzheimer's Foundation for America and San Rafael High School Boosters. Oh, and Car Talk, which turns over its share to National Public Radio.