According to a study International Grantmaking Update, A Snapshot of U.S. Foundation Trends prepared by the Council on Foundations, overall charitable giving by US foundations decreased by 8.4% in 2009 from 2008. The unprecedented decrease in giving was the product of the Great Recession, which caused foundations across the US to lose nearly 17 percent of their assets in 2008. International foundation giving fell by 4% for that same period.
Mon, Jan 3, 2011
Non Profit Industry News