Foundations Under Pressure

What that meant during the Great Recession is that even though assets took a 21 percent hit, foundation giving was reduced by around half that amount in 2009, the deepest year of the trough. But it took until 2013 for domestic grant making at the biggest 1,000 foundations to return to prerecession levels, according to a study of Candid data by the National Committee for Responsive Philanthropy. Corporate giving returned to life much faster. The median sum given by companies dropped in 2009 and 2010 before rebounding, according Chief Executives for Corporate Purpose, a group that tracks giving by Fortune 500 companies.

Read the entire article in The Chronicle of Philanthropy.