Foundations Feel the Impact of States' Budget Gaps

Nearly 90 percent of America's largest foundations report that at least some of the nonprofit organizations they support have been severely affected by state budget cuts. One-quarter report having grantees that have been forced to suspend operations. According to the Foundation Center's new report, Foundation Leaders Address the State Budget Crises, about half of the funders surveyed have provided assistance to affected nonprofits, while two-thirds expect to increase funding for organizations serving vulnerable populations in general.