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Fifty-eight of the respondents were private foundations. About two-thirds reported assets greater than $5 million, and 27 percent reported assets ranging from $1 million to $5 million.
Grantmakers reported significant rethinking about the areas they fund and the type of funding they provide. Forty-two percent said they would make smaller grants and focus on vulnerable populations, such the elderly poor.
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Stephan Salisbury
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