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"If contributions don't come back this year, or if we can't find new avenues for donations, then we will likely be faced with both eliminating some events and some staff by end of the year," Bolick said. Dave Kerchner, who heads the Kentucky affiliate, said his group has left some staff positions vacant for the first time in memory. "I've been on enough discussions with other execs to know the consternation over this been equal in all states. It's very difficult times," Kerchner said. And Massachusetts has curtailed special events such as dances and opening ceremonies to save costs. It is paying for participants in its March winter games to stay overnight for one instead of two nights, saving about $175,000. Special Olympics Inc. saw its year-end assets fall to $58.4 million in 2008 from $87.8 million in 2007, a 33 percent drop, according to its most recent annual report. Much of that was due to a 36 percent decline in its trust from sales of the "A Very Special Christmas" albums. Due to investment losses while the stock market tanked, the size of that trust fell to $38.9 million in 2008 from $60.7 million in 2007. 2009 was particularly hard on the Special Olympics because of the death of Kennedy Shriver, who founded the organization in 1968 and remained a daily presence at its Washington headquarters well into her 70s. Her son, Timothy Shriver, is the group's chairman and CEO. Veronika Sliva said it's sad her son won't get to compete in the Indiana games this year and to hear the crowd cheering his name as he hurtles down the slopes. Skiing is special for him because it distinguishes him from friends without special needs who can't ski, she said. "He feels like this is something he can do better than normal kids," she said.
[Associated
Press;
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