Nonprofits Struggle to Secure Multi-Year Grants, General Support Funding
Multi-year funding dipped and general operating support for nonprofits remained stagnant during the past several years. These are the findings of two new studies released today by the National Committee for Responsive Philanthropy (NCRP), the country’s independent watchdog of philanthropy.
According to the The Philanthropic Landscape: The State of Multi-Year Funding, reported multi-year grantmaking in 2009 fell 21 percent to $5.5 billion during a time when total grantmaking declined only by 13 percent. General operating support (or core support) from 2008 to 2010 fared slightly better, according to The State of General Operating Support.