Progressive Grant-Making Collaborative Ceases Operations - The Giveaway - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Progressive Grant-Making Collaborative Ceases Operations - The Giveaway - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Progressive Grant-Making Collaborative Ceases Operations

December 14, 2012, 8:18 am

By Caroline Preston

The Funding Exchange, a 33-year-old organization that helped to pioneer social-justice giving, announced this week that it is ceasing operations.

Financial woes stemming from declining investment earnings from the group’s donor-advised funds led to the decision, said Casey Cook, executive director of the Bread and Roses Community Fund and chairman of the Funding Exchange’s board.