Foundation Giving Grew Modestly in 2008 But Declines Expected in 2009, According to New Foundation Center Report

"Foundations remain one of the few sources of stability for nonprofit organizations in this very volatile economic climate. However, the longer this crisis persists, the more foundations will have to reduce giving," said Bradford K. Smith, president of the Foundation Center.

The complete report, part of the annual Foundations Today Series on foundation growth and giving, can be accessed at no charge at the Gain Knowledge area of the Foundation Center's web site.