The NonProfit Times Grant-Making Plummeted 8.4 Percent During 2009

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Grant-Making Plummeted 8.4 Percent During 2009

The nation’s more than 75,000 grant-making foundations to cut their 2009 giving by an estimated 8.4 percent -- by far the largest decline ever tracked by the Foundation Center in New York City.

Grant dollars fell from $46.8 billion to $42.9 billion. According tothe organization’s Foundation Growth and Giving Estimates (2010 Edition), the cutback totaled less than half the 17 percent loss in foundation assets recorded in the prior year."