"The American Civil Liberties Union has lost a quarter of its yearly donations after a major donor cut off $19 million in annual donations because of economic difficulties.
"David Gelbaum, a wealthy California conservationist, said he was indefinitely stopping the donations that had made him the New York-based group’s largest anonymous donor.
“'For a number of years, your organization has received very substantial charitable contributions from me,' Gelbaum said in a statement. 'My investments in alternative, clean energy companies have placed me in a highly illiquid position as a result of the general credit crisis in the American and world financial systems.'
Thursday, December 10, 2009
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