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How Foundations Can Help Hard-Hit Charities?

Resource type: News

Chronicle of Philanthropy |

Original Source

To help grant makers navigate the financial crisis, the Council on Foundations has started a new Web site, the Economic Xchange, to share ideas about how to support cash-strapped charities, help cities hit by economic woes, and how foundation themselves can survive tough times.

Ideas offered by some of the association’s 2,000 members include rejecting grant proposals for capital campaigns, providing more operating support to charities, and canceling special events.

For example, the Philadelphia Foundation says it canceled a November celebration of its 90th anniversary at the Please Touch Museum. In addition, it published its most recent annual report only on the Internet. The two moves generated more than $100,000 for nonprofit groups in the region, it says.

The council’s president recently talked with The Chronicle about the economic problems facing foundations. Read the article here.

— Ian Wilhelm