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December 03, 2008
Calif. Foundation Offers Help With Operating Costs
The Weingart Foundation, in Los Angeles, is planning to give grants to support operating expenses at charities that provide basic necessities to those in need, reports the Los Angeles Business Journal.
The foundation plans to offer one-year grants of up to $150,000 to “well-managed” charities that provide critical services, the Journal reports. At least one observer, Steve Lawrence of the Foundation Center, in New York, says the foundation’s plan is likely to be copied by other foundations soon.
“This certainly reflects the exceptional times,” Mr. Lawrence tells the Journal.
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