Tag Archives: Foundation Center
September 15, 2011, 6:10 pm
A new survey of foundation leaders underscores the strain many nonprofits are under because of state budget cuts.
About 95 percent of 75 leaders surveyed said some of their grantees had been affected by the cuts, and 58 percent said most or all of them had. One-quarter said some grantees had been forced to suspend operations either temporarily or permanently.
Almost half said they had awarded grants or provided other assistance in direct response to reductions in state aid, and one-third said that state fiscal crises had influenced their 2011 spending plans.
“Foundation budgets are dwarfed by government spending,” said Steven Lawrence, director of research at the Foundation Center, which conducted the survey among members of its Grantmaker Leadership Panel. “Nevertheless, many foundations are trying to help keep the doors open at nonprofits until the state budget crises pass….