April 23, 2009
2 of Every 3 Big Foundations to Trim Grants This Year, Study Finds
Nearly two-thirds of large American grant makers anticipate reducing the number of grants they award this year, the size of their grants, or both, according to a report to be released this week by the Foundation Center, in New York.
And as foundations cope with a sharp decline in assets caused by the nation's financial crisis, the coming months will be "a particularly challenging time" for grant seekers, says the report. Forty-six percent of foundations expect to reduce the number of
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