January 11, 2007
Nearly Half of Large Foundations Shun Unrestricted Grants, Study Finds
By Ian WilhelmDespite a growing call for foundations to pay for charities' operating costs, most grant makers prefer to support specific charitable programs, says a new report.
Forty-nine percent of foundation leaders said they are more inclined to make grants solely to support programs, while 16 percent prefer not to restrict their contributions, allowing charities to allocate funds to overhead expenses, says the report, which
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