Jane Wales: Cheerleading in the Crisis: "Did foundations do enough in the economic recession? Clearly, it is too early to say.
But the Philanthropic Collaborative has found reason to crow. Its new preliminary report offers analysis of a limited set of data -- a sample of 2,672 grants totaling $472 million made by foundations in response to the crisis between 2008 and 2010. A full report is due in December, but Responding in Crisis: An Early Analysis of Foundations' Grantmaking During the Economic Crisis suggests that the majority of foundation grants went to states facing the severest mortgage delinquency problems, as well as those encumbered by especially high unemployment rates."
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