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Foundation Center Survey Details Expected Foundation Response to Crisis

May 1st, 2009 · No Comments

A new Research Advisory from the Foundation Center presents the finding of their survey of more than 1,000 of the largest foundations in the U.S.  The findings are sobering if unsurprising.  The survey finds that fully 2/3 of the respondents expect to reduce the size and/or number of their grants in 2009.  This will not be new news for grant seekers who are facing challenges in funding an increased demand for services and a contracting pool of resources.  The Survey also finds that grantmakers are responding to the crisis with 40% expecting to dip into their endowment principle to fund grants this year, more than half expecting to engage in non-grantmaking activities related to the crisis, and more than one third of community foundations responding to the crisis with special initiatives.  See details of this report at: 

http://foundationcenter.org/gainknowledge/research/econ_outlook5.html

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