Foundations Announce Expectations for Future Giving in Light of Economic Conditions

"In many ways, the current economic uncertainty highlights an important tension in philanthropy. In times of need, philanthropy is often asked to help those who are most affected, and rightly so. Yet, our long-term impact will always be greatest if we set ambitious goals and stick to them, including maintaining long-term partnerships with our grantees. This is a tension that has no easy solution and that requires ongoing attention," said James Canales, president and CEO of the James Irvine Foundation.