Funding woes force sharp cutbacks at Special Olympics
January 7th, 2010From AP/Business Week:
Special Olympics organizations around the country are cutting back on services and staffing as contributions and sponsorships decline. Special Olympics Inc. saw its year-end assets fall to $58.4 million in 2008, a 33 percent drop from $87.8 million in 2007. The Washington-based parent organization reportedly lost tens of millions of dollars when the stock market tanked in 2008.
Economizing measures by groups around the country range from the elimination of some mountain sports in Northern California to the suspension of statewide games in Oregon. Special Olympics Tennessee has stopped allowing new participants in some events, reduced the number of participants in others, and frozen salaries.


January 8th, 2010 at 11:07 am
Maybe Obama could host a bowling tournament at the White House to help raise funds for the Special Olympics.