In September 2009, the Foundation Center conducted a follow-up to its January 2009 giving forecast survey to determine foundation expectations for giving beyond 2009. The survey responses from over 600 grantmakers have been analyzed and indicate that giving from foundations is expected to decline by more than 10 percent in 2009, and continued reductions are expected in 2010. "Foundations will be giving less than they expected at the beginning of the year," said Bradford K. Smith, president of the Foundation Center. "But many are rethinking their grantmaking so that fewer dollars will not necessarily mean less impact."
Foundations' Year-end Outlook for Giving and the Sector is the latest in the Center's research advisory series that explores the impact of the economic downturn on the nonprofit sector. The advisories and the online chart "In Their Own Words: 2009 Foundation Giving Forecast" are available at the Center's Focus on the Economic Crisis web page.
The report can be downloaded at no charge from the Gain Knowledge area of the Center's web site.
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