Foundations Announce Expectations for Future Giving in Light of Economic Conditions
"These grantmakers deserve credit for letting their grantees know what to expect over the coming year, so they can prepare," said Lawrence. "A number of these funders are also belt-tightening to boost their giving, which clearly shows that we are all in this together."
Of the 100 largest foundations ranked by total giving, the Center has tracked only two so far that have announced intentions to increase funding in 2009. The Bill & Melinda Gates Foundation has said that it will increase giving in 2009 by raising its payout rate, while the John D. and Catherine T. MacArthur Foundation expects to "maintain or increase" giving.