Economy - Downturn & Recovery: Articles
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Articles
“Foundations to Cut Grants in ‘09”
Financial Advisor [Added 03/24/09]
Financial Advisor reports that due to market losses last year U.S. foundations are planning to cut back on their planned donations in 2009, according to a new survey.
“Economic Downturn a Significant Concern Among Corporate Giving Officers, Report Finds”
Philanthropy News Digest [Added 03/24/09]
This Philanthropy News Digest article discusses a recent survey of 158 companies which reveals that “issues related to the economic downturn are a significant concern among corporate giving officers.”
“Where Stimulus Funds Can Make a Difference”
Diana Aviv, Independent Sector [Added 03/24/09]
Independent Sector President and CEO Diana Aviv’s Washington Post Letter to the Editor makes the case for why the nonprofit sector should receive stimulus funds.
“Senate-Passed Stimulus Bill Does Not Include Philanthropy Measures”
The Chronicle of Philanthropy [Added 02/12/09]
The economic-stimulus package passed by the Senate on February 10th does not include a number of measures that nonprofit and foundation leaders had proposed to help ease the impact of the recession on the philanthropic world. Read about the provisions left out of the House bill.
“Many Foundations Have Lost Almost One–Third of Their Assets, Chronicle Study Finds”
The Chronicle of Philanthropy [Added 02/12/09]
According to this article in The Chronicle of Philanthropy, the steep decline in the stock market last year triggered an erosion of foundation wealth, with many grantmakers losing nearly one–third of their assets, according to a new Chronicle survey of some of the nation�s largest philanthropies.
“The Quickest, Most Helpful Thing Foundations Can Do”
National Committee for Responsive Philanthropy [Added 01/28/09]
In The Quickest, Most Helpful Thing Foundations Can Do, an article on the National Committee for Responsive Philanthropy’s blog, Pete Manzo supports the argument that offering general operating support in particularly important now, when other funds are shrinking and makes the case for releasing restrictions on current grants.
“With Assets Declining, Foundations Look to Congress for Help”
Philanthropy News Digest [Added 01/21/09]
This January 14, 2009, Philanthropy News Digest article examines how foundations “have been lobbying for a piece of President-elect Obama’s $1 trillion economic stimulus package to help ease the pain of billions of dollars in recession-related investment losses.”
“2009: Preview of the Year Ahead”
Philanthropy News Digest [Added 01/09/09]
The Foundation Center’s Philanthropy News Digest forecasts what 2009 has in store for the philanthropic sector.
“Philanthropy Must Continue in Hard Times”
The San Francisco Chronicle [Added 01/09/09]
This December 14, 2008, article from the San Francisco Chronicle muses, “We’re all tightening our belts in these depressed economic times—consuming less, buying less. And it makes sense that philanthropic foundations would want to do the same thing. Until you really think about it.”
“Managing in Tough Times: 7 Steps”
The Bridgespan Group [Added 12/12/08]
The Bridgespan Group has “surveyed more than 100 nonprofit leaders to understand how they are being affected by the downturn and the approaches they are taking to address the challenges ahead.” Managing in Touch Times: 7 Steps provides insight and advice for non–profits as they navigate these tough economic times.
“Foundations Create Large Economic Benefit, Study Says”
The Chronicle of Philanthropy [Added 12/08/08]
A new study highlighted in a recent Chronicle of Philanthropy article says that, “Giving by foundations supports the economy of the United States, with $1 of every philanthropic contribution producing more than $8 in economic benefits.”
“Foundation Assets May Have Dropped 30%, Expert Predicts”
The Chronicle of Philanthropy [Added 12/01/08]
In a November 2008 Chronicle of Philanthropy article a leader of a major association of grantmaker projects that “foundations have lost an average of 30 percent of their assets due to the plunge in the stock market.”
“A to Z Survival Guide for Uncertain Times”
PhilanTopic, Foundation Center
Michael Seltzer, a regular contributor to PhilanTopic, has compiled his past writings and strategy recommendations learned from grantees, clients, and fellow consultants into an A to Z Survival Guide for Uncertain Times.
“Council on Foundations Open Letter”
Council on Foundation Leadership
Council on Foundation (COF) Board Chair Ralph Smith and COF President and CEO Steve Gunderson’s letter to COF members and colleagues regarding the current economic situation and their recommendations for the field.
“Giving in Recessions and Economic Slowdowns”
Center on Philanthropy at Indiana University
The Center on Philanthropy at Indiana University analyzes four decades in their report on how recessions and economic slowdowns affect giving.
“Open Letter from GEO”
Grantmakers for Effective Organizations
Executive Director of Grantmakers for Effective Organizations (GEO) Kathleen Enright “urges leaders in philanthropy to hold steady with their support to nonprofits and communities who need it now more than ever.”
“Nonprofits Uneasy About Turmoil’s Effect on Endowments”
Washington Post
The Washington Post discusses the trickle down effect of the economy on nonprofits. As the endowments of foundations are impacted by the current state of the economy, grantees voice their concerns.
“Past Economic Downturns and Outlook for Foundation Giving”
PhilanTopic, Foundation Center
The Foundation Center’s PhilanTopic blog evaluates past trends in giving during recessions. And since the Foundation Center has been collecting data on foundations since 1975, their wealth of data provides a clearer picture of what the future may hold for the sector.
“Past Sheds Light On Recession Giving”
Philanthropy Journal
Philanthropy Journal summarizes the results from the “Giving in Recessions and Economic Slowdowns” report.
“Sloan Foundation Launches Initiative to Study, Explain Financial Crisis”
Philanthropy News Digest
Philanthropy News Digest reports that “[t]he New York City–based Alfred P. Sloan Foundation has announced grants totaling $2.7 million as part of a new initiative to study the ongoing financial market crisis and improve public understanding of economics and finance.”
“Surviving Tough Economic Times: Q&A With Clara Miller, President/CEO, Nonprofit Finance Fund”
PhilanTopic, Foundation Center
The Foundation Center’s blog PhilanTopic features an interview of Clara Miller, President/CEO or Nonprofit Finance Fund.
“What the Council on Foundations Should Have Said to Its Members”
The Nonprofit Quarterly
The editors of The Nonprofit Quarterly take an editing pen and rewrite the Council on Foundation’s Open Letter to members and colleagues.
