Wednesday, October 13, 2004

Seattle Weekly: News: Street Cred by Nina Shapiro

Seattle Weekly: News: Street Cred by Nina Shapiro: "Street Cred
With a campaign to end homelessness, it's not your grandparents' United Way.
by Nina Shapiro
United Way of King County President and CEO Jon Fine: 'We're solving problems.'
(Pete Kuhns)
Ever since the economy nose-dived, nonprofits all over town have felt the sting of sharp reductions in philanthropy. Many have laid off staff, others have closed. There has been one great exception: United Way of King County. Aside from a dip in revenue a couple years back, the pet charity of the Gates family has kept its income relatively steady at the level it achieved at the height of the dot-com boom. And what a level that is. Preliminary numbers for the fund-raising campaign ending last June show an income of $92.4 million�a few million behind the previous year but still almost double that of seven years ago. According to the Puget Sound Business Journal, the United Way ranks sixth among all local nonprofits in terms of revenue, right behind Seattle University. Its income makes it the largest United Way in the country."

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