In September 2009, the Foundation Center conducted a follow-up to its
January 2009 giving forecast survey to determine foundation
expectations for giving beyond 2009. The survey responses from over 600
grantmakers have been analyzed and indicate that giving from
foundations is expected to decline by more than 10 percent in 2009, and
continued reductions are expected in 2010. "Foundations will be giving
less than they expected at the beginning of the year," said Bradford K.
Smith, president of the Foundation Center. "But many are rethinking
their grantmaking so that fewer dollars will not necessarily mean less
impact."
Foundations' Year-end Outlook for Giving and the Sector
is the latest in the Center's research advisory series that explores
the impact of the economic downturn on the nonprofit sector. The
advisories and the online chart "In Their Own Words: 2009 Foundation
Giving Forecast" are available at the Center's Focus on the Economic Crisis web page.
The report can be downloaded at no charge from the Gain Knowledge area of the Center's web site.
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