Foundations Weathering the Storm
Submitted by admin on March 10, 2009
The economic meltdown has had a huge impact on philanthropic organizations: The Council on Foundations, an association of more than 2,100 grantmaking foundations and corporations, estimates that foundation endowment assets have shed some $200 billion in value so far. What has differed, when comparing this recession to others, is that “it was such a drastic downturn in such a short amount of time,”… Read more.