Foundations More Likely to Fund Overhead Costs, Study Finds :: PNNOnline ::

Foundations More Likely to Fund Overhead Costs, Study Finds :: PNNOnline ::: "Foundations More Likely to Fund Overhead Costs, Study Finds
Posted by: God on Friday, May 11, 2007
Topic General Fundraising


Foundations are more likely to support nonprofits' overhead costs than is commonly believed, according to a new study released today by the Center on Philanthropy at Indiana University and the Aspen Institute's Nonprofit Sector and Philanthropy Program, which funded the study.


The study, Paying for Overhead, found that a surprisingly large majority of foundations (69 percent) support nonprofits' overhead expenses, such as rent, administrative staff, accounting systems, or strategic planning. Nearly half make grants for general operating support and almost one-third award unrestricted grants."