Sad

(Of course, our public employee unions have the answer)

Charitable foundation closes after “many” donors leave Connecticut, COVID shuts down fundraisers,

The Inner-City Foundation for Charity and Education, based in Bridgeport, announced it was closing its nearly 30-year operation after corporate donations dried up, donors left for other states and the pandemic ended their ability to host major fundraising events.

“We’ve decided to close our doors due to a confluence of circumstances,” Inner-City Foundation Executive Director Karen Barry Schwarz wrote in an October 13 letter to donors.

The Foundation provided grants to charities and service providers who helped those living in poverty and helped fund education programs for both adults and children.

Schwarz wrote that the Foundation was initially supported by corporate donors in its early days, but large sponsorships have run dry during “trying economic times.”

In a posting on their website, Schwarz notes that longtime corporate sponsors have also left the area. “Connecticut corporations – historically our largest donors – have considerably decreased charitable giving or have left the area, and our total charitable giving is down among individual donors.”

“Many more of our longtime donors have left the area for warmer climes, like Florida,” Shwarz wrote in the letter.