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Charities fear donations will drop if Boston hosts Olympics

Post date: 
February 11th, 2015
Article Type: 
External News Article
Article Topic: 
Economy
Article Source: 
The Boston Globe

It’s a key selling point of Boston’s Olympic bid: The Games would largely be paid for by private funding, not taxpayer money. But that financing plan is sending ripples of anxiety through the city’s nonprofit sector, which worries the event would soak up philanthropic dollars that might otherwise go to charity. And, in a potential double-whammy, a Boston Olympics could strain local nonprofits by putting more demands on social services, as happened in Atlanta when the Summer Games were held there in 1996.

Link to article: 
http://www.bostonglobe.com/business/2015/02/10/local-charities-brace-for-decline-donations-boston-hosts-olympics/SQAm7iB21W04Y3OP5mL0RP/story.html

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