<i>StreetWise</i> Lives On As Donations Pour In

UPDATED

The scramble to save StreetWise, the weekly Chicago magazine that employs homeless people as vendors, appears to have succeeded, the Chicago Tribune reports.

Last week, after a City Council hearing brought the struggling publication's financial plight to citywide attention, donations began pouring in. StreetWise said it needed $75,000 in 45 days to continue printing. It got it in less than a week.

StreetWise managers declined to say how much exactly they had raised, but they have scheduled a press conference for Wednesday at their West Side office.

The non-profit relies on foundations for nearly half of its yearly $500,000 budget and its benefactors have been hard-hit by the flailing economy.

Aldermen are working with StreetWise on long-term financial solutions.

UPDATED 4/22

As of early Wednesday morning, StreetWise had raised $190,000 -- far more than the $75,000 it said it needed within 45 days to continue printing, the Chicago Tribune reports.