November 11, 2009, The New York Times — FOUNDATIONS that increase grants to spend down their endowment and then close are proving to be a boon to charities in the short run, but the trend is also causing anxiety among the charities about their future fund-raising.
David Cay Johnston
May 21, 2009, The New York Times — In December, Joe and Nancy Briggs sat down in their home on Lake Canandaigua in western New York to take a hard look at their donations to charity. Their investments, like those of almost everyone else, were shrinking just as the pile of requests from charities was expanding.
