Freddie Mac, Fannie Mae donations disappearing, study predicts

Fannie Mae and the Freddie Mac Foundation, the Washington, D.C. area’s two biggest contributors to local charities, will probably end their philanthropy in the next few years, with troubling consequences for nonprofit groups that focus on education and human services for the poor, children and families, predicts a study by George Mason University’s Center for Regional Analysis.

The two federal housing financing corporations gave nearly $100 million to 500 local organizations in the past four years, but they significantly cut their donations after the housing bust and financial crisis hit in 2008.