Top 25 Foundations: Charity funders feeling pinched: "Minnesota foundation executives are sweating the hits to their endowments caused by the 40 percent decline in the value of the U.S. stock market this year.
Some are flexing grant-making guidelines and otherwise scrambling to make good on 2009 commitments to hard-hit charities that are experiencing unprecedented demand amid a recession that reaches from the heart of the city to the shores of Lake Minnetonka."
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