Foundations, Corporations Have Committed More Than $100 Million to Address Economic Crisis, Researcher Says
from Philanthropy News Digest | January 22, 2009
A growing number of grantmakers have made exceptional commitments to address the causes and impact of the current economic downturn, reports Steven Lawrence, senior director of research at the Foundation Center.
In a new research advisory (4 pages, PDF), Lawrence examined giving by some fifty institutional donors that have announced grants and program-related investments totaling more than $100 million to address the crisis, including reducing the number of foreclosures, shoring up foodbanks and services for the homeless, and providing financial counseling. Lawrence found that the support provided by these funders demonstrates a strong — though not exclusive — focus on local needs, with community foundations playing a critical role in directing resources to the needy in their communities. More
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