Washington DC (PRWEB) May 22, 2011
This week JP Morgan Chase & Co. raised its oil price forecast for 2011 and 2012 because OPEC, as well as other producers, aren't matching rising demand, according to Associated Press.
The bank modified its last prediction based on Brent Crude upping the $110 per barrel forecast up to $120. The estimate for West Texas Intermediate crude also went up to $109.50 from $99. As for 2012, the prices are projected to rise to $120 for Brent crude and $114 for West Texas.
As reports by major banks predicting escalating fuel prices continue to loom over the nation, some leaders in the non-profit sector are gearing up to provide relief in not-so-usual ways.
Vincent Everett, CEO Works of Life International Ministries, has issued a press statement announcing a revamp in the With Causes program, a charitable offspring of Works of Life that accepts a wide range of property donations that assist many worthy charitable causes.
"People are getting alarmed by higher gas prices as it is," says Everett, "and many Americans are looking for ways to liquidate non-producing property before gas prices get even higher, which is why our charitable affiliate With Causes is preparing to expand its resources to accommodate more donations as well as improve the scope of worthy causes we support."
With Causes accepts a variety of assets as charitable donations, including car donations, boat and yacht donations, real estate donations, and even aircraft donations year round to generate charitable income that assists victims of natural disaster, educators in low-income communities, victims of abuse, and the elderly.
Organizations like With Causes and Works of Life are providing alternative ways in which residents from across the US can improve their financial portfolios in times of national economic recession and painful gas prices. Both charitable networks have been mentioned in Forbes and USA Today, which the Works of Life Chief Executive says is a reflection of the impact his staff has made in many communities across the US.
"There's buzz about our program in national news because there are a lot of people who agree that it's a good idea and decide to make a charitable donation," adds Everett.
The trend in oil prices, if JP Morgan's analysis and predictions hold up, is upwards rather than downwards at least until 2012, which has prompted non-profit leaders like V. Everett to mobilize community resources to generate charitable income from assets that donors want to liquidate anyway. "It's an effective program that uses property that's already there to generate charitable income for those who have fallen on desperately hard times," mentions Everett.
The catalyst for With Cause's revamp and expansion is soaring fuel costs, which has left many looking for ways to cut back on their gas consumption. One way is to donate non-producing autos, boats, and aircraft to a trusted and federally recognized charitable organization.
When asked to comment about how he thinks With Causes is effecting positive change in the communities it serves, Everett mentioned, "The With Causes program has been going strong for over ten years and continues to grow, which reflects a rising number of donors who have seen the kind of work we do and wish to contribute. One of the things that sets us apart from other organizations is that we are not a cash-donation based charitable program. It makes more sense to generate charitable income using assets that thousands of people are going to want to liquidate or donate anyway, to their own benefit as well as for the benefit of the charitable recipients they help."
Online Car Donation
1081 S. Cimmaron
Las Vegas, Nevada 89145
About onlinecardonation/Works of Life Intl. Ministries Inc.:
Operating since 2002 Onlinecardonation is a non-profit, non-denominational faith-based charitable organization that provides charitable works for other like-minded organizations in the form of endowments, grants and much, much more.
Their clients range from social service agencies to private non-profits, hospitals and more importantly individuals with special needs including victims of crime, military families, those with physical challenges and victims of abuse.
Onlinecardonation has enjoyed a successful relationship with many like-minded charitable Organizations, developing residential based programs for those interested in Ministering to others but limited physically in doing so.
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