Thursday, June 18, 2009

Depression Charitable Giving

Money woes are stalling the community centers that Joan Kroc wanted to build.

The widow of McDonald's Corp. developer Ray Kroc left $1.8 billion to the Salvation army to build community centers like the one in San Diego, but the recession has made that unlikely. The damage to her bequest and faltering fundraising in many cities stopped all but four from being completed and two will not be built at all.

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