Charitable bodies hit by credit crisis

摘要

The ongoing financial crisis in the United States and Europe is hitting major research charities and institutions. Organizations such as the Wellcome Trust in London and Cold Spring Harbor Laboratory in New York say that their endowments have dropped for the first time in years. And some medical charities are bracing for a decline in big-dollar donations from corporations and wealthy individuals. "The events of the past few weeks are clearly going to have an impact on everybody," says Bruce Stillman, president of Cold Spring Harbor Laboratory.