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Economy's Mixed Effects on Donors; a Contrary View of Crypto Giving
Foundation: Gates Foundation, Ford Foundation
It's that time of year again: the time of year when nonprofits need donations to survive and the time of year when it's time for wealthy donors to step up their philanthropic game.
And it's not just the stock market that's hurting.
Drew Lindsay at Good Morning America reports on a new study by Rockefeller Philanthropy Advisers that shows a third of grant makers established after 2010 are planning to spend all of their assets by a specific time.
That's far more than the 7% of foundations created in the 1990s that did so.
"Even if donations from donors were flat and remained where they had been at, that’s essentially a cut because everything is more expensive right now," the head of Ohio's Human Service Chamber of Franklin County tells Lindsay.
Some nonprofits are even considering cutting back on direct mail appeals, asking new donors to make smaller first-time gifts of $20, or even asking new donors to make one-time donations of $50, Lindsay reports.
But it's not all bad news.
"Even if donations from donors were flat and remained where they had been at, that’s essentially a cut because everything is more expensive right now," the head of Franklin County's Human Service Chamber of Franklin County tells Lindsay.
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A customized collection of grant news from foundations and the federal government from around the Web.
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