Friday, December 19, 2008
In tough times, tough choices for grant makers -- baltimoresun.com: "Bad economic times hit grant makers hard, too. Foundation assets are shrinking rapidly, with some down by 30 percent or more this year. The corporate world is changing and putting corporate giving programs in double jeopardy: declining profits coupled with loss of local control. Family foundations are seeing their investment returns decrease just when many have made multiple-year commitments to causes they believe in."