Foundations in the News
On Monday, the Wall Street Journal featured an opinion piece by Pablo Eisenberg that took foundations to task for how they support and work with non-profits. In it, he decried many things in a list of recommendations, but notably the decrease in funding foundations are providing organizations in these troubled economic times.
What stuck out to me was how that is such a good reason for non-profits to have diverse sources of funding. Too many groups – especially small ones – are either so reliant on a handful of major gifts (including from foundations) or have a full-time staffer dedicated to filling out mountains of foundation grant requests – usually without much success – yet haven’t even thought of an individual giving program. (Read on …)