From the 17th of April 2011 nonprofits will be experiencing an increase in their fundraising expenditures. This is the subject of this clearly articulated video by Nonprofit Times. The United States Postal Service has increased its rates by an average of one and three quarter percent across the board. This increase is due to occur almost two years subsequent to the previous rate dilemma experienced by USPS. The increase is based on a price cap calculated by the Independent Postal Rate Commission, and is derived from CPI (Consumer Price Index) information.
Endeavoring to make up for shortfalls
The United States Postal Service is intent on bouncing back somewhat from its $456 million loss in November of 2010. A total loss of $6 billion was suffered in 2010. USPS also hopes to contribute toward some of the $5.4 billion that it currently owes to retired employees. This rate increase news will certainly place strain on nonprofits that focus heavily on the postal channel in driving their fundraising campaigns and searches for donors.