Monday, September 19, 2011
Foundations Step In to Help Grantees Weather State Budget Cuts, Report Finds | PND | Foundation Center: Based on responses from seventy-five members of the Grantmaker Leadership Panel — more than two hundred CEOs at leading U.S. private and public foundations — the study, Foundation Leaders Address the State Budget Crises (4 pages, PDF), found that a quarter of the funders reported having grantees that were forced to suspend operations. To remedy the situation, about half the funders surveyed have provided assistance to affected nonprofits, while two-thirds expect to increase funding for organizations that serve vulnerable populations in general.
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