Foundation Giving Declined by Record 8.4 Percent in 2009, Study Finds

April 19, 2010, Philanthropy News Digest — Challenged by a prolonged economic downturn, the nation's grantmaking foundations cut their giving by an estimated 8.4 percent in 2009, a new report from the Foundation Center finds. The decline is the steepest since the center began tracking the data in 1975.