The NonProfit Times - The Leading Business Publication For Nonprofit Management

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Funding Needs Versus Cash In Chicago At 10 To 1

In the wake of government funding cuts, declines in giving and an increasing need for services, the McCormick Foundation and United Way of Metropolitan Chicago created “United Way of Metropolitan Chicago Impact Fund.” The McCormick Foundation will match the first $2 million donated to the Fund at 50 cents on the dollar, up to a total match of $1 million.
In response to the 2009 economic downturn, agencies across the region laid off staff, increased wait lists, denied services, cut programs, partnered with other agencies and closed sites altogether. According to a new report from Donors Forum, Illinois grant-makers and nonprofits reported that the sector has not yet felt the full impact of the economic crisis.
“The McCormick Foundation and the United Way share a commitment to addressing the growing needs of Chicago communities, “said David Hiller, McCormick Foundation President and Chief Executive Officer. “By combining our resources, we are able to extend our reach and offer help where it’s needed most.”"