UK Forking Over $60M to Bail Out Charities
Nonprofits fear reduced services for homeless, unemployed, families
By Jason Farago,  Newser Staff
Posted Feb 9, 2009 5:21 AM CST
The British government will offer a $60 million bailout to charities, less than what nonprofits had asked for.   (©futureshape)
camera-icon View 2 more images

(Newser) – The British government will bail out the nation's charities with a $60 million lifeline, as experts warned that one in three nonprofits may have to lay off staff, reports the Guardian. While the charities welcomed the bailout, it is far less than the $150 million they requested to maintain vital services for the homeless, the unemployed, mental health patients and troubled families. The banking sector has collected $750 billion in public bailout and other assistance funds.