November 13, 2008
Dealing With Hard Times: Advice for Foundations
The global financial crisis is creating severe hardships for individuals and reducing government budgets for relief. The crisis has placed great stress on nonprofit organizations and reduced the assets of both philanthropists and foundations. How should grant makers respond?
First, we need to stay focused on the commitments and long-term strategies we have already adopted. Whether we are working to improve the life chances of disadvantaged children, mitigate the catastrophic