Markets
U.S. close in 3 hrs, 57 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Poll Shows Shift in Charitable Giving towards Microdonations
More than $30 Million Donated to Charity Partners through Coinstar
Business Wire
The state of the economy has resulted in Americans scaling back their
charitable donations this year. According to the Coinstar National
Currency Poll on microdonation trends, 92 percent of those polled
donated money to charity in the last 12 months, however a quarter (25
percent) say their donations were smaller than the year before.
Microdonations are on the rise as people are looking for ways to donate
that fit their budgets and Coinstar is providing the much needed service
as shown through the more than $30 million donated through its Coins
that Count
® program since its inception in 1997.
“Every penny counts for an organization like ours and while individual
donations through Coinstar
® may be small, they add up in a
big way,” says Terry Macko, vice president and chief marketing officer
at World Wildlife Fund. “Our relationship with Coinstar has allowed us
to benefit from the generosity of a wide group of individuals who might
not otherwise know how they can support us. We look forward to continued
success through this relationship and continued support for our
conservation work around the world from Coinstar users.” Since 2003
nearly $500,000 has been donated to World Wildlife Fund through Coinstar
Center
® kiosks.
“While larger donations may be down for non-profit organizations across
the country, microdonations made through Coinstar increased
year-over-year, demonstrating the willingness of Americans to donate
their small change,” says Mike Skinner, president of Coin at Coinstar,
Inc. To date in 2009, $4.5 million has been donated through Coinstar
Center kiosks, versus $4.3 million in total in 2008.
Consumers Willing to Give More.
Eighty-seven percent of Americans would consider making small monetary
donations to charity throughout the year if it was a simpler process.
- Improved Donation Process. Of the respondents willing to make smaller donations, three-quarters (75 percent) feel they would donate if they could make the contribution easily, while 70 percent would donate if no minimum donation amount was required.
- Motivating Factors. Six in ten (60 percent) admit they would consider the donation if they could use the contribution as a write-off during tax season. Others would think about making small contributions throughout the year if they had the option of a one-time only donation (52 percent) or if they could give money anonymously (47 percent). Nearly four in ten (37 percent) would like to have the option of selecting multiple charities to donate to at one time.
Coinstar makes it easy to donate to a variety of non-profits and
provides a tax-deductible receipt for those who need the extra incentive
to give this holiday season. Coinstar is proud to work with a number of
national non-profit organizations including American Red Cross, Feeding
America, The Leukemia & Lymphoma Society, March of Dimes, the U.S. Fund
for UNICEF and World Wildlife Fund, in addition to select regional
non-profit organizations. To find out what organizations you can donate
to via Coinstar Centers in your community, go to
www.coinstar.com.
About the
Coinstar Currency Poll
The Coinstar Currency Poll on economic trends was conducted by Kelton
Research using random digit dialing of listed and unlisted numbers.
Quotas are set to ensure reliable and accurate representation of the
total U.S. population ages 18 and over. Results of any sample are
subject to sampling variation. The magnitude of the variation is
measurable and is affected by the number of interviews and the level of
the percentages expressing the results. In this particular study, the
chances are 95 in 100 that a survey result does not vary, plus or minus,
by more than 3.1 percentage points from the result that would be
obtained if interviews had been conducted with all persons in the
universe represented by the sample.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ:CSTR) is a leading provider of automated retail
solutions offering convenient products and services that make life
easier for consumers and drive incremental traffic and revenue for its
retailers. The Company’s core automated retail businesses are
self-service coin counting and self-service DVD rental. Other Coinstar
products and services include e-payment products – such as gift cards,
prepaid debit cards and other prepaid products – and money transfer
services. The Company’s products and services can be found at more than
90,000 points of presence including supermarkets, drug stores, mass
merchants, financial institutions, convenience stores, restaurants, and
money transfer agents. For more information, visit
www.coinstar.com.
*
All decimals are rounded to the nearest
percentage point.
This may result in certain numerical totals
adding up to slightly more or slightly less than 100%.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6107820&lang=en
Copyright Business Wire 2009
2009-11-24 15:08:00
COMMENTS ( 0 )
Latest Money News
CNNMoney
- General Electric's Immelt talks to the French government about Areva
- Turnaround expert: Eight stocks below 1999 highs
- Heinz looking good after the second quarter?
- Why isn't Bank of America updating its shareholders on CEO situation?
- Options Update: HSBC Holdings volatility low; uncertainty of Dubai exposure