Bernanke Acknowledges US Economic Slowdown; Charitable Non-Profit Expands Services to Keep Donations Coming

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In a Recent Statement Ben Bernanke (Chairman of the Federal Reserve) said that the growth of the US economy in many locations is slower than what he and many economic analysts had predicted. Works of Life International Ministries, a non-profit charitable organization, examines the fate of charitable giving in the US and offers solutions to keep philanthropy alive even in a recession.

On Tuesday Ben Bernanke, Chairman of the Federal Reserve, conceded that the US economy has slowed down, but said nothing about whether the central bank will provide any more monetary stimulus to encourage growth.

Bernanke also cautioned Washington law makers against passing massive budget cuts, because they have the potential to disrupt economic growth if they are passed too soon.

The non-profit sector is set to see dramatic cuts if Obama's 2012 budget plan passes, which proposes to trim $858 billion dollars per year in domestic spending, with the aim of reducing the national deficit by $1.1 trillion over the next ten years. Many leaders in the non-profit sector are expressing concerns over what the combined effects of budget cuts and a sluggish economy will have for charitable organizations.

Among these voices is Vincent Everett (CEO Works of Life International Ministries), who has recently announced that his organization is preparing to expand its services to make sure charitable giving stays alive in the recession.

"Inflation pressures, even if they subside in the future, are still pressing issues today that are cutting into the spending power of Americans, especially since gas prices are going up so much," says Everett.

Although there are a great many social programs that would be at risk with a possible cut in federal spending, some analysts in the non-profit domain say that it is up to donors, not the government, to sustain charitable giving.

"Our organization is gearing up to expand its services because even in economic recession more and more people are looking for ways to give to the less fortunate," adds Everett.

Works of Life works together with the With Causes charitable network, which accepts a variety of property donations to generate charitable income for a large range of worthy charitable causes. When you donate car, donate boat or yacht, donate real estate, or donate aircraft, With Causes uses the income to support public services while giving donors an alternative way to liquidate non-producing property. "It's about making it easier for both donor and charitable recipient, to be less dependent on the federal government to provide charitable funding to those who need it most," said the Works of Life CEO.

The system works by using the resources contributed by donors to give back to communities in need. Generous donors improve their economic standing in a bleak market by liquidating non-producing assets that are tied to tax benefits. More importantly, donations help support a plethora of worthy charitable causes.

When asked why he thinks demand for his program is picking up, Everett said, "One of the main reasons thousands of donors give to our charitable organization every year is that our program is innovative and effective. You can give whatever property you don't want anymore to help us generate charitable income for those less fortunate. That's more savings in the pockets of donors and more income for the charitable causes we support."

With Causes

Online Car Donation
1081 S. Cimmaron
Las Vegas, Nevada 89145

About With Causes/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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Vincent Everett
Works of Life Ministries
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