Philanthropy Journal: U.S. Funders Face the Downturn
Submitted by giarts-ts-admin on January 14, 2009
“U.S. foundations are in a tight spot. Their assets have taken a beating in a stock market that still hasn’t hit bottom. But U.S. nonprofits are hurting more. Demand for their services is increasing as people lose jobs and homes, and contributions are drying up as wary donors begin to feel the effects.
“What’s a foundation to do? Step up to the plate, dig deep and show leadership, foundation heads and experts say.” Read more.