Poorest Feel Downturn as Donations Fall

BY ROBIN SHULMAN

NEW YORK — For Citymeals-on-Wheels, a nonprofit group that delivers food to homebound New Yorkers, the Wall Street crisis already means 100,000 fewer meals will be delivered to people who need them.

One day this spring, the group lost about $500,000 it expected from employees of Bear Stearns as the firm collapsed. A few days later, $225,000 promised by a hedge fund vanished after its stock plummeted. This summer, private contributions were running 20 percent less than a year ago. And in the past few weeks, significant numbers of longtime donors have cut their giving in half, said Executive Director Marcia Stein.

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