Sour Economy Hurts YWCA



BAR HARBOR — One of the area’s oldest service organizations has taken a major financial hit from the struggling national economy.

 

The Mount Desert Island YWCA, which has operated in Bar Harbor for more than 100 years, is facing a tough challenge. The organization’s directors learned in April that a dividend-paying account that generates revenue for the YWCA would not pay out anything this year.

“By losing that, we lost 50 percent of our income for 2009,” executive director Bennie McMullen said. “We don’t know if, and when, that’s going to come back.”

The news came on top of record-high fuel oil prices last winter that left the organization with no cash to spare. Learning that the dividend account, set up 30 years ago by an anonymous donor, had taken such a beating from the economy came as quite a shock, Ms. McMullen said.

For more information on the upcoming holiday gift auction, go to the online site at http://ywcamdi.cmarket.com or call the YWCA at 288-5008.

For more community news, pick up a copy of The Ellsworth American.

 

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