In 2006, the Council on Foundations reported revenues of $17.2 million. A decade later, in 2016, it reported revenues of $11.6 million. That’s a pretty brutal decline in fortune—especially when you consider that many thousands of new private foundations were created during this same period.
The foundation world has expanded, yet the top trade group representing foundations has contracted. What’s going on here?
Read the entire article on Inside Philanthropy.