Foundation Giving Grew Modestly in 2008 But Declines Expected in 2009, According to New Foundation Center Report
"Foundations remain one of the few sources of stability for nonprofit organizations in this very volatile economic climate. However, the longer this crisis persists, the more foundations will have to reduce giving," said Bradford K. Smith, president of the Foundation Center.
The complete report, part of the annual Foundations Today Series on foundation growth and giving, can be accessed at no charge at the Gain Knowledge area of the Foundation Center's web site.
About the Foundation Giving Survey
Giving projections for 2008 and 2009 reported in Foundation Growth and Giving Estimates are based on responses to the Foundation Center's 2009 "Foundation Giving Forecast Survey" from 1,225 large and mid-size foundations across the country, combined with year-end economic indicators. Final giving figures for 2008 will be available in early 2010. Survey respondents also provided information on anticipated changes in their 2010 foundation giving and the impact of the downturn on their grantmaking. The Foundation Center will present an analysis of these findings in its next economic crisis-related research advisory to be released in April.
Foundation Growth and Giving Estimates also presents findings based on actual 2007 giving and assets tracked by the Foundation Center for the more than 75,000 independent, corporate, community, and grantmaking operating foundations in the United States.
About the Foundation and Corporate Response to the Economic Crisis
The Foundation Center has created a Focus on the Economic Crisis area of its web site that links to numerous resources to help grantmakers, nonprofits, and the general public understand the impact of the economic downturn on institutional philanthropy. Resources include interactive maps, Foundation Center research advisories, interviews with foundation and nonprofit leaders and other experts in the field, links to funder announcements about the impact of the crisis on their giving, links to the economic crisis-related resources of other organizations, and much more. Visit foundationcenter.org/focus/economy to access these resources.
About the Foundation Center
Established in 1956 and today supported by close to 600 foundations, the Foundation Center is the nation's leading authority on philanthropy, connecting nonprofits and the grantmakers supporting them to tools they can use and information they can trust. The Center maintains the most comprehensive database on U.S. grantmakers and their grants — a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level. Thousands of people visit the Center's web site each day and are served in its five regional library/learning centers and its network of more than 400 funding information centers located in public libraries, community foundations, and educational institutions in every U.S. state and beyond. For more information, please visit foundationcenter.org or call (212) 620-4230.