Steep Drop in Foundation Giving Expected for 2009

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Foundation giving could decline by more than 10 percent at the end of this year, reductions that are expected to continue into 2010, according to a November report released by the Foundation Center.

In its Foundations’ Year-end Outlook for Giving and the Sector, the New York-based philanthropic education and training organization updated earlier estimates showing likely giving declines in the range of 8 percent to 13 percent. Based on the latest collection of survey responses . . .

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