Close to Two-thirds of Foundations Expect to Reduce Their Grants in 2009
Funders Will Rely More on Non-grantmaking Activities to Achieve Goals,
New York, NY, April 20, 2009 — Close to two-thirds of foundations responding to a new Foundation Center survey expect to reduce the number and/or the size of grants they award in 2009. According to Foundations Address the Impact of the Economic Crisis, organizations seeking new sources of support and recently established entities will be especially challenged in securing foundation funding. The report is based on 2009 survey responses of more than 1,200 U.S. foundations.
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