News and analysis
March 24, 2013

Caution Is the Watchword as Big Foundations Keep a Rein on Giving Despite Growing Assets

Fabrizio Costantini

The Kresge Foundation, whose endowment dropped 20 percent from 2007, is trying to do more with less, says its leader, Rip Rapson.

The stock market may be roaring to new highs, but the nation’s biggest foundations expect to be cautious with their grant making for the rest of the year, according to a new Chronicle survey based on data from 192 funds.

Only 28 of the 81 foundations...

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