Jul 01 2009
Downturn hits funders
A recent survey by the Association of Charitable Foundations (ACF) finds that charitable trusts and foundations have also been significantly hit by the downturn, with 75% of respondents reporting a significant decrease in investment value over the past 12 months.
The ACF survey revealed these figures from grantmaking foundations:
- 80% of investments decreased since June 2008;
- 47% of grants budgets for 2010 will remain at the same level;
- 42% of grants budgets would decrease, but not very significantly;
- 27% of respondents said they might change their grants policy;
- Some said they would not take very much risk and rather than front-loading grants at the beginning of the year they would instead release them in smaller tranches over the course of the year.
More positively…
- 9% reported an increase in current grant levels;
- 15% anticipated higher grant-making in 2010;
- 38% planned to increase grant-making over the longer term.
The findings come in a major new survey by the Association of Charitable Foundations, whose members manage well over £30 billion in investments and provide about 10% of the annual income for the voluntary sector.
The ACF survey revealed these figures from
grantmaking foundations:
• 80% of investments decreased since
June 2008
• 47% of grants budgets for 2010 will remain
at the same level
• 42% of grants budgets would decrease,
but not very significantly
• 27% of respondents said they might
change their grants policy
• Some said they would not take very much
risk and rather than front-loading grants at
the beginning of the year they would
instead release them in smaller tranches
over the course of the year.
grantmaking foundations:
• 80% of investments decreased since
June 2008
• 47% of grants budgets for 2010 will remain
at the same level
• 42% of grants budgets would decrease,
but not very significantly
• 27% of respondents said they might
change their grants policy
• Some said they would not take very much
risk and rather than front-loading grants at
the beginning of the year they would
instead release them in smaller tranches
over the course of the year.
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