Philanthropy Turned to Short-Term, Project Funding During Recession

Philanthropy Turned to Short-Term, Project Funding During Recession: We examined new data from 2004-2010 for the newly released (and revised) “The Philanthropic Landscape: The State of Multi-Year Funding” and found that reported multi-year grantmaking in 2009 fell 21 percent to $5.5 billion during a time when total grantmaking declined only by 13 percent. If we excluded the Bill & Melinda Gates Foundation, the nation’s largest grantmaker, from the analysis, the drop becomes pronounced at more than 33 percent.