Israeli Foundations Expect to Reduce Funding in 2009
Results of a new poll on giving by private Israeli foundations were released yesterday at a conference organized by the umbrella group, the Israel Civic Leadership Association. The conference drew over 600 representatives who came to exchange ideas on meeting the economic challenges of 2009.
The poll (surveyed 50 foundations and conducted by Israel Philanthropy Advisors) found that most foundations would meet their existing commitments but would reduce funding new initiatives.
Other findings include:
- 50% of the surveyed foundations indicated they will decrease the amounts provided in grants for 2009
- 10% plan to increase giving
- 40% expect no change
Of those planning decreases, most expect them to average 20%. Significantly, eight percent of the respondents will cut back 50% or more.