Foundations to give less in 2009
Assets for U.S. foundations fell $200 billion in 2008, and almost two in three say they will cut grantmaking this year, a new report says.
Family foundations consider lifespan
Most plan to operate in perpetuity, but the economic crisis could spur some smaller, newer funders to consider spending down, a new report says.
N.C. Community Foundation holds steady
The funder has instituted cost-cutting measures, including salary cuts and furloughs, to help it maintain grantmaking in the face of lower assets.
Foundation giving likely to fall
In the face of a significant loss of assets, almost two in three U.S. foundations expect to cut grantmaking in 2009, a new report says.
Rex Endowment alters grantmaking
As its assets dip, the funder will do away with grants supporting direct services in favor of building capacity within nonprofits.
Babcock remains ‘mission driven’
Barring another precipitous drop in assets, the Mary Reynolds Babcock Foundation plans to hold grantmaking at 2008 levels this year and in 2010 and 2011.
Golden LEAF invests $3.5 million in jobs
The new grantmaking program aims to provide vocational and technical training to connect workers with existing jobs.
Foundation giving inches up in 2008
Together, foundations awarded $45.6 billion in grants last year, not enough to keep up with inflation, and 2009 and 2010 likely will bring reductions, a new study says.
Giving by state’s foundations tops $1 billion
With nearly $15.3 billion in assets in 2006, North Carolina foundations for the first time gave more to social services than to education.