"Leaving it to Trust": A reflection on trust-based philanthropy
A recent article in Alliance magazine discusses how "unrestricted funding has been more talked about than practiced by foundations."
The current Covid-19 crisis has led over 600 US foundations to sign a pledge promising to ease or eliminate restrictions on existing grants, and make new grants as unrestricted as possible. A similar statement was released and signed by foundations and umbrella organizations across Europe, calling for more flexible grantmaking. Despite these developments, the majority of funders appear to be operating in a paradigm where the default is to provide restricted project funding.