December 10, 2009

Grim Grants Outlook

Hit hard by investment losses, many of the nation's largest foundations and corporations will probably trim their giving next year or keep it steady at 2009 levels. But as problems like hunger and unemployment continue, they will face greater public pressure to increase their grant making. Some foundations have said they may close at a point in the near future and spend the entirety of their assets in response to financial declines and the growing social needs.

"Foundations have been

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