Saturday, February 11, 2012

Decline in 2009 Foundation Giving Steeper Than Anticipated

Continued Reductions Expected in 2010 Foundation giving will likely decline by more than 10 percent in 2009, closer to the higher end of the 8 to 13 percent range estimated by the Foundation Center earlier this year. According to September 2009 survey findings released today in Foundations' Year-end Outlook for Giving and the Sector, foundation giving will also decline further in 2010, as previously predicted by the Center. Despite reduced resources, more than three-quarters of the close to 600 respondents to the new survey expect that the field of philanthropy will become more strategic as a result of having weathered the crisis. The focus of long-term changes range from governance to grantee relations to investments. "Foundations will be giving less than they expected at the beginning of … Continue Reading