Foundations Announce Expectations for Future Giving in Light of Economic Conditions
"In many ways, the current economic uncertainty highlights an important tension in philanthropy. In times of need, philanthropy is often asked to help those who are most affected, and rightly so. Yet, our long-term impact will always be greatest if we set ambitious goals and stick to them, including maintaining long-term partnerships with our grantees. This is a tension that has no easy solution and that requires ongoing attention," said James Canales, president and CEO of the James Irvine Foundation.
This Foundation Center research advisory is the latest in a series that explores the impact of the economic downturn on the nonprofit sector. The advisories and the online chart, "In Their Own Words: 2009 Foundation Giving Forecast," are available at the Center's "Focus on the Economic Crisis" web page, which offers a variety of resources to help nonprofits and foundations deal with the challenges of the unstable economy.
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.