Grantmakers Try to Keep Donations Flowing

March 6, 2009, Philadelphia Inquirer — Foundations in the region have suffered substantial declines in their endowment assets during the last six months, a new survey indicates. But many of those foundations say they are seeking to maintain their current levels of giving.

Of the 50 survey respondents, 45 percent suffered asset losses of 21 to 30 percent, while 28 percent lost 31 to 40 percent of their asset value, said Delaware Valley Grantmakers, a service organization for the region's substantial philanthropic community.