Foundations Get High Marks for Response to Economic Crisis - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Foundations Get High Marks for Response to Economic Crisis - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Foundations Get High Marks for Response to Economic Crisis

By Caroline Preston

Foundations appear to have responded quickly and intelligently to the economic crisis, directing more of their money for recession relief to the hardest-hit parts of the country, according to a study released today.

The study was conducted by Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office, and paid for by the Philanthropic Collaborative, a group of foundations, nonprofit organizations, and lawmakers"