Hispanic Business Magazine-May 2003 Aspira Association ranked #2 on the Top 25 Hispanic NonProfit. For nonprofit organizations, last year was marked by a lot of gray days. A study by the GuideStar research group found that almost half (48 percent) of responding nonprofits had a decrease in private donations through the first 10 months of 2002. By the end of the year, the Philanthropy Giving Index, produced by the Center on Philanthropy at Indiana University, fell to its lowest level ever, down 7 percent from 2001. The 25 largest Hispanic-serving nonprofits had to swim against these same currents. "The economy is a big issue," says Martin Castro, president of the Mexican American Opportunity Foundation (MAOF), the top nonprofit on the list. "There are fewer government dollars to go around. Because of the economy and the markets, foundations are giving less because they're earning less."
President and CEO of FCAA, Family Christian Association of America, Inc., Mr. Herman K. Williams and Raul A. Martinez, President and CEO of ASPIRA of Florida Inc., during FCAA Annual Meeting, February 1, 2002.
