9 Leading Nonprofit Groups Urge Foundations to Dig Into Endowments to Support Charities

A group of nine philanthropic membership and advocacy organizations called on foundations to increase their giving in response to the coronavirus pandemic, even if their endowments take a big hit.

“The strength of a funder’s grantees at the end of this crisis will be a much better measure of the significance of a foundation than the size of its endowment,” the letter says.