Obama Says US Recovering From Economic "Heart Attack"; Charitable Organization Makes Moves to Keep Philanthropy Alive

Sep 28, 2011, 05:45 ET from Works of Life International Ministries

SAN FRANCISCO, Sept. 28, 2011 /PRNewswire-USNewswire/ -- Vincent Everett, CEO of Works of Life International Ministries--a non-profit charitable organization in operation for over a decade--is revitalizing the organization's pledge to keep philanthropy alive and thriving amid a slow and grueling economic recovery. At the core of supporting charitable works and services in a recession, says Everett, is allowing non-profit organizations to grow based on public demand rather than rely on the federal government for funding. Cutting the umbilical cord to Washington is a necessary strategy to ensure that charitable giving survives in a weak economy, mentions Everett, who recently announced that Works of Life is gearing up to expand its organizational resources in anticipation of unprecedented challenges in social welfare. 

"Ever since Obama took office legislation in Washington has appeased GOP sentiments," says Everett. "Which is a direction that inviolably pushes towards smaller government and less federal spending." As the Congress scrambles to find ways to cut government spending many non-profit organizations are holding their breath, hoping to stay afloat in an austere climate of extreme deficit reduction. Everett, on the other hand, holds that Works of Life has taken proper measures to thrive amid looming spending cuts. "The non-profit sector has had plenty of time to anticipate massive government cuts," says the Works of Life executive. "Especially when you consider that the GOP, who has been a clear proponent of reduced spending, wields so much power in Congress. Not a single bill has passed in the Obama administration without the Republican stamp of approval."

Recently Obama said in an interview that what happened to the US economy is that it had a heart attack, explaining that, "We went through the worst financial crisis since the Great Depression," and that it's going to take a long time for the "patient" to recover. But according to a survey conducted by the Thompson Reuters/University of Michigan final index of consumer reports, consumer confidence dropped this month to the lowest levels since 2008. And the Bloomberg Consumer Comfort Index has reached levels previously seen in times of recession.

"People are frustrated with the lack of effectiveness in Washington and are discouraged by the agonizingly slow pace of economic recovery," says Everett, who also states that when funding is slashed from large federally sponsored social welfare programs, people are going to turn to non-government organizations for support.

"We [Works of Life] have already been experiencing burgeoning demand for our works and services ever since soaring gas prices, layoffs, and a weak housing market all combined to cut way too deeply into peoples' pockets," says Everett. He adds, "Charity relies on the generosity of the middle class as much as it does the super rich, so it makes sense to design a program that doesn't cut into the spending power of hardworking Americans, especially now that massive spending cuts are going to be implemented."

Works of Life, along with its partner the With Causes Charitable Network, accepts a wide range of donations to generate charitable income and provide donors with tax deductible receipts.

"When you donate car, donate boat, donate yacht, donate real estate, or even donate aircraft to Works of Life or With Causes, you improve your economic portfolio by liquidating property you no longer wish to own while providing the means for us to build charitable alliances and fund several worthy causes," says Everett. Could this be the new face of charity? The operative mechanism here is efficiency, says the Works of Life CEO, explaining that, traditionally, the social safety net has depended on the non-profit sector, among them charitable organizations, for support.

If America is recovering from an economic heart attack, some members of the non-profit community think that it's time for a new recovery regimen; charitable organizations might well be entering into an era where, against the inadequacies of the federal government, they shoulder most of the responsibility to ensure the viability of the social safety net.

SOURCE Works of Life International Ministries



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