Specifically, the donors felt the museum was spending too much on construction before getting sufficient revenue. The museum decided to bring the matter to court for breach of contract. The legal issue is whether the letter of intent signed by the donors constitutes a binding contract. Of course, the other issues facing the museum are fiscal responsibility, financial reporting, communication, and maintaining good relations with donors. Ready for the Boom Most charities, including the church, are not prepared for the aging of 75 million baby boomers, according to the Chronicle of Philanthropy .
Baby boomers are far more skeptical, selective, and demanding than their parents.
They support causes in which they are personally involved or from which they, family, or friends have directly benefited. They also demand personal attention. A key reason fund raising techniques and approaches will have to change is that many of the boomers will not be in a position to give much money away when they reach their 60s and 70s. They waited longer to start families, buy homes, and save for retirement. They'll also be supporting children and elderly parents even after they retire.