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From Kirsten Bischoff, Opalesque New York: A contracting hedge fund industry means that industry-wide charitable giving will likely also decrease in 2009, and this has organizations such as the High Water Women Foundation looking for ways to innovate and change the way philanthropy is approached.

The group, which is holding its Fourth Annual Casino Night Benefit, has already begun to make subtle changes which better reflect the current environment. "We are having 2 tournaments this year (poker and blackjack) and are replacing our auction with an art sale of both established and young galleries and artists, including some important historical photographers," Acting Executive Director Marina H. Winton told Opalesque.

The decision to forgo the auction is a reflection of the effects of the financial crisis on both spending and attitude. This year's art sale will instead include art work available within a price range of $2,000 to $20,000, and it is the charity's hope that this change will allow for even greater participation on the part of attendees. Likewise, the group is offering tickets from $500 per individual, and also includes a $250 option for those who would like to enter the event after 9pm. For more information about purchasing tables and tickets, please go to: High Water Women - Philantropy Events.

High Water Women Foundat......................

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