Foundation Center - Focus on the Economic Crisis - 2009 Foundation Giving Forecast

New Initiative

Increase Giving

Decrease Giving

Giving Trend Unclear

No Change in Giving

Foundation Name

Total Assets

Total Giving

Fiscal Year

Summary

Philanthropy
News Digest

Original Source

Top 100 Foundations, by Total Assets

Bill & Melinda Gates Foundation

$38,921,022,000

$2,011,675,000

12/31/07

Scaling back planned growth. Planning to increase payout by about 10 percent in 2009.

Gates Foundation to Increase Payout, Scale Back Growth in 2009 Grantmaking

Gates Foundation Pruning Grant Growth

The Ford Foundation

$11,045,128,000

$526,464,000

9/30/08

The foundation plans to award $528 million in grants in its current fiscal year, which is the same amount the foundation awarded last year.

Ford Foundation Offers Buyouts to Staff

Ford Foundation Offers Buyouts to One-Third of Employees

Closing offices in Russia and Vietnam in an effort to reduce costs.

Ford Foundation to Close Offices in Russia, Vietnam

Ford Foundation to Close two Overseas Offices

J. Paul Getty Trust

$10,837,340,620

$18,759,273

6/30/08

Announced a 24 percent budget reduction, reflecting reduced endowment income. The budget includes lower operating costs in order to preserve its work in Los Angeles and around the world.

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Statement From Getty Trust President and CEO James Wood Regarding Getty's FY 2010 Budget

The Robert Wood Johnson Foundation

$10,730,549,952

$329,322,323

12/31/07

Offering buyouts to 40 percent of its employees after a significant decline in the value of its assets. Expects to award $450 million in grants in 2009 and hopes to award the same amount in 2010.

Robert Wood Johnson Foundation Offers Buyouts to 40 Percent of Employees

Robert Wood Johnson Offers Buyout to 40% of Its Employees

Message from Risa Lavizzo-Mourey on RWJF's Response to the Economic Downturn

W. K. Kellogg Foundation

$8,058,127,639

$272,511,561

8/31/08

A decline in assets led the foundation to close its offices in Jackson, Mississippi, São Paolo, Brazil, and Pretoria, South Africa. The foundation will honor existing commitments.

Kellogg Foundation to Close South Africa Office

Kellogg Foundation Revises Delivery Model for Southern Africa

John D. and Catherine T. MacArthur Foundation

$7,052,165,312

$231,856,772

12/31/07

Will maintain or increase grantmaking in 2009, despite the performance of the market to date.

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Statement from Jonathan F. Fanton Regarding MacArthur's Grantmaking in Difficult Economic Times

The Andrew W. Mellon Foundation

$6,539,865,000

$300,199,000

12/31/07

Does not “foresee significant retrenchment or dislocations” in its grantmaking.

Mellon, Weinberg Foundations Respond to Crisis

Mellon Web Site

Gordon and Betty Moore Foundation

$6,409,252,816

$290,694,047

12/31/07

Although the payout rate will be higher than 2008, grantmaking in 2009 will significantly decrease. Lower levels of funding anticipated for 2010 and 2011.

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Letter From Steve McCormick

The William and Flora Hewlett Foundation

$6,289,035,000

$379,400,000

12/31/08

Will honor grant commitments made in 2008 and previous years, though the dollar amount of its overall grantmaking is likely to be down.

Hewlett Foundation to Honor Previous Commitments But Cut Grantmaking in 2009

A Note on the Economy

Lilly Endowment, Inc.

$5,722,416,949

$336,551,359

12/31/08

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The California Endowment

$4,657,176,628

$140,510,981

2/28/08

All current grant commitments and current-year grantmaking levels will be honored and upheld. Grantmaking levels for the coming fiscal year will not be reduced from the existing multiyear spending plan.

More Foundations Respond to Economic Crisis: Gates, California Endowment, Otto Bremer, Rasmuson

On Tough Times: A Message from Our Leadership

Hey, What's Going On?

The David and Lucile Packard Foundation

$4,650,858,492

$301,979,479

12/31/08

Will honor current grant commitments and increase payout rate from its endowment, though the dollar amount of grantmaking will be down.

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Foundation Enewsletter: December 15, 2008

The Rockefeller Foundation

$4,615,428,564

$162,956,223

12/31/07

–

The Susan Thompson Buffett Foundation

$3,907,771,072

$202,684,478

12/31/07

–

Tulsa Community Foundation

$3,740,241,151

$87,148,870

12/31/07

–

The Duke Endowment

$3,344,776,128

$164,837,762

12/31/07

Anticipates honoring all 2009 commitments, but will defer a number of grant requests until economic conditions become more favorable.

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A Message From the President

The Annie E. Casey Foundation

$3,326,105,746

$192,006,321

12/31/07

–

The Kresge Foundation

$3,100,000,000

$181,439,048

12/31/08

Established a new Community Relief Fund and other new funding opportunities in response to the economic downturn.

Kresge Foundation Announces Programs to Help Mitigate Effects of Recession

Kresge Takes Action to Alleviate Pressures of the Economic Downturn

Will honor current commitments and strive to make 2009 grantmaking levels similar to 2007 and 2008.

Kresge, Irvine Foundations Respond to Crisis

Kresge Is Honoring All Its Grant Commitments; Foundation Promises Creativity and Flexibility in Assisting Grantees

The Starr Foundation

$2,801,697,830

$207,284,873

12/31/07

Will honor its existing commitments, but new proposals will be put on hold.

Starr Foundation Reduces Grantmaking After AIG Stock Plunges

Starr Foundation Plans Smaller Grants After AIG Stock Plunges

Charles Stewart Mott Foundation

$2,714,908,552

$135,868,710

12/31/07

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Carnegie Corporation of New York

$2,662,702,247

$101,314,879

9/30/08

Committed to fulfilling all grants that have been approved by the Corporation.

Carnegie Corporation Responds to Economic Crisis

A Year End Message from Vartan Gregorian, President, Carnegie Corporation of New York

John S. and James L. Knight Foundation

$2,618,700,006

$121,267,122

12/31/07

Will honor all existing pledges and grants. No liquidity issues for the Foundation foreseen.

Knight, McKnight Foundations Respond to Economic Crisis

Knight Foundation President Alberto Ibargüen Addresses Economic Outlook

Casey Family Programs

$2,596,706,893

$2,971,742

12/31/07

–

The Annenberg Foundation

$2,487,703,921

$266,898,723

6/30/08

Unable to accept additional, unsolicited letters of inquiry or proposals due to a significant investment of funds over the last five years, coupled with the economic downturn.

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Special Message for Grantseekers

The Harry and Jeanette Weinberg Foundation, Inc.

$2,480,251,109

$99,570,742

2/29/08

Will maintain its usual level of grantmaking, which averages about $100 million per year.

Weinberg Foundation to Distribute $200 Million Over Next Two Years

Weinberg Foundation Announces Total of $200 Million in Grants for Next Two Years

Ewing Marion Kauffman Foundation

$2,403,973,679

$74,166,806

12/31/07

Announced a new $1 million effort to offer entrepreneurial training programs in communities that have been hit hard by layoffs and the recession.

Kauffman Foundation Launches Entrepreneur-Training Program to Spur Job Creation

Kauffman Foundation Launches New National Entrepreneurship Training Program to Kick Start Job Creation in the Face of Growing Layoffs

The McKnight Foundation

$2,316,874,276

$93,643,806

12/31/07

Foundation pledges to honor all active grant agreements to completion, with fewer funds available to new and returning grantseekers.

Knight, McKnight Foundations Respond to Economic Crisis

Open Letter From President Kate Wolford: For McKnight and Its Partners, Now Is the Time for Collaboration and Innovation

Richard King Mellon Foundation

$2,219,250,223

$109,215,672

12/31/07

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The Cleveland Foundation

$2,183,913,190

$70,130,377

12/31/07

Announced the creation of a Basic Needs Fund and the launch of Greater Cleveland Area Pulse, an online data indicator designed to show how the recession is affecting Cuyahoga County residents and how the foundation is responding.

Community Foundation Update (7/11/09)

Cleveland Foundation introduces Basic Needs Fund and economic crisis indicators

In the second quarter of 2009, a larger than normal percentage of grantmaking is responsive to requests from the community, given the difficult economy.

Cleveland Foundation Awards $15.3 Million in Second-Quarter Grants

Cleveland Foundation Grants total $15.3 Million

The New York Community Trust

$2,135,691,023

$166,053,450

12/31/07

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Doris Duke Charitable Foundation

$2,079,833,758

$95,711,333

12/31/07

Will honor all existing commitments and award new grants in 2009, with a 25 percent reduction in total spending.

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Letter From the President: Sustaining Our Work With Declining Assets

Robert W. Woodruff Foundation, Inc.

$2,013,371,188

$116,867,936

12/31/08

Predicts that the grants budget for 2009 will be almost exactly what it was in 2008.

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Interview with Russ Hardin, President of the Robert W. Woodruff Foundation

Eli & Edythe Broad Foundation

$1,964,521,000

$127,304,000

12/31/07

Eli Broad personally gave $18 million more to his foundation this year than in 2007.

Despite Economic Downturn, Some Philanthropists Are Giving More

Feeling Pinched, Some U.S. Philanthropists Give More

Alfred P. Sloan Foundation

$1,940,925,266

$72,732,888

12/31/07

Launching initiative to study financial crisis and improve public understanding of economics and finance.

Sloan Foundation Launches Initiative to Study, Explain Financial Crisis

Alfred P. Sloan Foundation Funds New Initiative to Address the Financial Market Crisis

The Chicago Community Trust

$1,841,684,803

$115,544,031

9/30/07

In response to the economic crisis, the Trust has allocated additional resources to meet area residents' basic human needs and organized their newly created Unity Challenge initiative to motivate additional donor contributions.

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Mayor Daley, Chicago Community Trust Announce $1 Million in Grants

Houston Endowment Inc.

$1,745,222,911

$66,260,835

12/31/07

The grant budget for 2009 will be approximately the same as 2008, but is likely to decline in 2010 and 2011.

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A Message About Houston Endowment's Response to Current Economic Conditions

The Wallace Foundation

$1,699,226,310

$68,770,717

12/31/07

–

The Heinz Endowments

$1,686,008,063

$58,267,054

12/31/07

–

Kimbell Art Foundation

$1,597,504,350

$80,000

12/31/07

–

Walton Family Foundation, Inc.

$1,595,597,053

$218,864,851

12/31/07

–

W. M. Keck Foundation

$1,531,767,000

$67,889,763

12/31/07

–

John Templeton Foundation

$1,521,282,234

$55,968,276

12/31/07

The Foundation will not be accepting new requests for funding until their new grant-making calendar is announced in September 2009.

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Restructuring Our Grant-Making System

Silicon Valley Community Foundation

$1,494,039,827

$291,096,834

12/31/08

Has matched over $1 million in donations for food and shelter programs as part of its "Strengthen the Safety Net" campaign.

Silicon Valley Community Foundation Announces Matching Donation Program for Safety Net Initiative

Safety Net Fund Charity

While assets have decreased, the foundation will be able to maintain grantmaking of $8 million from its endowment in 2009.

Silicon Valley Community Foundation Reduces Workforce

Community Foundation Reduces Workforce

The Samuel Roberts Noble Foundation, Inc.

$1,484,451,635

$11,462,026

12/31/07

Will not consider any new grant applications in 2009.

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Noble Foundation Granting

Open Society Institute

$1,484,154,992

$84,442,116

12/31/07

Partnering with Atlantic Philanthropies and MoveOn.org to match gifts up to $300,000 made to help organizations and groups hit hard by the Bernard Madoff scandal.

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The Atlantic Philanthropies, Open Society Institute, and MoveOn.org Respond to Madoff Scandal With Matching Program

The William Penn Foundation

$1,471,109,210

$61,644,970

12/31/07

Will meet prior grant commitments and hopes to keep grantmaking at current level through 2011.

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Thoughts on the Economic Recession

The Michael and Susan Dell Foundation

$1,398,768,744

$95,250,084

12/31/07

–

The Bloomberg Family Foundation, Inc.

$1,391,631,010

$36,250,000

12/31/07

–

Daniels Fund

$1,354,022,076

$47,932,111

12/31/07

Allocations for the Fund's Grants Program in 2009 will be $31.8 million, a $6.8 million decrease from 2008. Grants will be refocused to prioritize nonprofit organizations providing emergency services to the most vulnerable populations in its service area of Colorado, New Mexico, Utah, and Wyoming. The foundation will also reduce operating costs.

Daniels Fund (CO) Responds to Economic Crisis

Daniels Fund Allocations Impacted by Economy

The James Irvine Foundation

$1,306,590,965

$69,315,228

12/31/08

Will commit about the same amount to advocacy work and other efforts as in 2008.

Kresge, Irvine Foundations Respond to Crisis

Many Foundations Have Lost Almost One-Third of Their Assets, Chronicle Study Finds

The Brown Foundation, Inc.

$1,301,109,971

$64,308,170

6/30/08

–

The Moody Foundation

$1,289,965,453

$30,519,040

12/31/07

–

California Community Foundation

$1,257,906,849

$216,019,934

6/30/08

Creating grants and technical assistance for grantees to help impacted nonprofits.

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California Community Foundation Awards $1.7 Million to Help Local Nonprofits Weather Impact of Economic Crisis

The California Wellness Foundation

$1,216,057,421

$60,560,833

12/31/07

Will maintain the same level of grantmaking
in 2009 as 2008, despite a loss in the value of their endowment portfolio.

Despite Decline in Assets, Foundations are Responding to Those Affected by Recession, Report Finds

Foundations Respond to the Needs of Families Even as Their Assets Have Declined

The Oregon Community Foundation

$1,214,148,698

$50,980,877

12/31/07

Will continue to provide a stable level of funding for grants and scholarships over the next two years.

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OCF Recession Response

The Anschutz Foundation

$1,195,692,532

$63,076,654

11/30/07

Limiting grants in some program areas.

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Message From the President

Greater Kansas City Community Foundation

$1,183,724,020

$192,905,943

12/31/07

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Marin Community Foundation

$1,180,106,202

$60,802,431

6/30/08

Making Emergency Food Grants to meet needs following economic downturn.

Marin Community Foundation Announces Emergency Food Grants

MCF Grants $250,000 to Meet Growing Need for Food

The Ahmanson Foundation

$1,148,525,258

$47,698,270

10/31/07

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Barr Foundation

$1,142,271,401

$45,055,701

12/31/07

Plans to maintain their level of giving in 2009.

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Foundations are Feeling the Pinch

Conrad N. Hilton Foundation

$1,107,953,389

$42,436,802

2/28/08

Will grant The Weingart Center Association and United Way of Greater Los Angeles $300,000 to expand services for the homeless and those in danger of becoming homeless during the current economic crisis.

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Conrad N. Hilton Foundation Awards $875,000 to Address Homelessness in Los Angeles and Fund Research to Improve Lives of Foster Care Youth

The Freedom Forum, Inc.

$1,057,311,201

$60,798,719

12/31/07

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The Columbus Foundation and Affiliated Organizations

$1,045,016,666

$110,778,929

12/31/07

Committed $300,000 in matching charitable dollars to strengthen local nonprofits.

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The Columbus Foundation Announces Giving Stimulus: Match Day 2.0 on November 18 & 19

Announced a campaign to raise $1.2 million for emergency needs in central Ohio during February, including a public match launched online.

Columbus Foundation Issues Critical Need Alert

The Columbus Foundation Announces Critical Need Alert to Raise $1.2 Million for Emergency Needs in Central Ohio in February

The Meadows Foundation, Inc.

$1,023,752,838

$34,250,858

12/31/07

With less money overall for grants this year, will focus grantmaking on agencies that provide assistance with critical needs, and deferring most capital projects.

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President's Message

Shimon ben Joseph Foundation

$1,021,814,739

$8,824,779

12/31/07

Will honor current commitments.

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Foundation News
— Chip Edelsberg, Executive Director

Freeman Foundation

$1,021,197,476

$45,885,900

12/31/07

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The San Francisco Foundation

$1,017,024,000

$96,511,000

6/30/08

Established the Nonprofit Transitions Fund, which is designed to help organizations rethink and regroup in response to the downturn in the economy.

Community Foundation Update (5/9/09)

Nonprofit Transitions Fund Launches to Support Intentional Change

Planning to maintain last year's giving level for 2009.

Bay Area Nonprofit Sector Could be Headed for Tough Times

Bay Area Nonprofits Brace for 2010 Shakeout

The Joyce Foundation

$986,172,775

$35,561,248

12/31/07

Grantmaking in 2009 will be at roughly the same level as 2008, with fewer multi-year commitments and an expected decrease in 2010.

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A Message to Grantees

Rockefeller Brothers Fund, Inc.

$983,499,647

$30,182,345

12/31/07

Will not increase or cut their budget.

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"Ask the Tough Questions": An Interview With CEP Board Chair Stephen Heintz

Lumina Foundation for Education, Inc.

$973,000,000

$53,394,000

12/31/08

–

The Simons Foundation

$970,294,574

$47,660,532

6/30/08

–

Robertson Foundation

$959,249,297

$40,396,892

11/30/07

–

M. J. Murdock Charitable Trust

$949,645,467

$27,673,407

12/31/07

–

Boston Foundation, Inc.

$923,736,000

$78,664,000

6/30/08

Awarding emergency grants to regional organizations for local residents.

Boston Foundation Awards $500,000 to Address Exceptional Needs

Boston Foundation Announces $500K in Grants to Address Exceptional Needs of Area Residents

Will likely reduce its discretionary grants by $1 million in the fiscal year starting July 1.

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Foundations are Feeling the Pinch

Hall Family Foundation

$922,669,158

$31,034,512

12/31/07

–

Surdna Foundation, Inc.

$915,730,690

$36,100,316

6/30/08

–

Bush Foundation

$905,299,291

$38,567,884

12/31/07

Will honor all prior commitments.

More Foundations Respond to Crisis: Bush, Gund, Cleveland Foundations

What Do We Do Now?

The Henry Luce Foundation, Inc.

$894,843,061

$32,442,687

12/31/07

While all current commitments will be fulfilled, the foundation expects a 40 percent reduction in new grantmaking across all areas in 2009.

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A Message From the President

The Packard Humanities Institute

$857,980,309

$28,119,931

12/31/07

–

The Lynde and Harry Bradley Foundation, Inc.

$831,695,847

$39,810,371

12/31/07

–

Weingart Foundation

$820,979,945

$46,111,745

6/30/08

Foundation will expand its current general operating support to include a new program called Core Support.

Weingart Foundation to Expand General Operating Support Program

Weingart Foundation Announces Core Support Program

Fred C. and Katherine B. Andersen Foundation

$817,604,041

$36,479,528

12/31/07

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Donald W. Reynolds Foundation

$807,623,434

$110,375,900

12/31/08

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The J. E. and L. E. Mabee Foundation, Inc.

$803,644,047

$40,299,190

8/31/08

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Foundation for the Carolinas

$801,483,218

$106,345,459

12/31/07

Launched the Critical Need Response Fund in partnership with the Leon Levine Foundation, Mecklenburg Ministries, the Charlotte Chamber of Commerce, and the United Way of Central Carolinas.

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Critical Need Response Fund

Hartford Foundation for Public Giving

$797,759,854

$26,214,465

12/31/07

Doubled emergency food and shelter grants in response to economic crisis.

Hartford Foundation Awards Nearly $1 Million to Combat Hunger, Homelessness

Hunger, Homelessness Targeted in $1 Million in Grants from Hartford Foundation

The Edna McConnel Clark Foundation

$796,971,845

$38,650,400

9/30/08

Will honor all commitments made in previous years, and plans to pay out greater than 5% in 2009. Overall grantmaking amounts will likely be down in future years, based on a lower endowment.

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Economic Crisis and Philanthropic Opportunities

The Pittsburgh Foundation

$784,867,282

$31,403,916

12/31/07

Created emergency fund for community services.

Pittsburgh Foundations, United Way Move to Put Emergency Fund in Place

Emergency Fund to Help Our Community in Need

The AVI CHAI Foundation

$777,391,698

$45,263,762

12/31/07

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The Community Foundation for Greater Atlanta, Inc.

$771,651,441

$74,491,445

12/31/07

The Metropolitan Atlanta Arts Fund, an initiative of the foundation, announced a $2.5 million initiative designed to stabilize arts organizations facing unprecedented financial challenges.

Metropolitan Atlanta Arts Fund Launches $2.5 Million Arts Recovery Initiative

The Community Foundation's Metropolitan Atlanta Arts Fund
Launches Arts Recovery Initiative

Bat Hanadiv Foundation No. 3

$763,644,438

$8,079,284

12/31/07

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The Saint Paul Foundation

$763,057,187

$42,422,608

12/31/07

With the Minnesota Community Foundation, announced the creation of a new community economic relief fund with commitments of more than $2 million.

Minnesota Community Foundation and Saint Paul Foundation Commit $2 Million to Launch Economic Relief Fund

Community Economic Relief Fund

The Commonwealth Fund

$754,882,329

$29,591,150

6/30/08

Reducing spending by approximately 15 percent in 2009-10, and reorganizing programs to concentrate even more on specific health care reform strategies.

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New Financial Realities: The Response of Private Foundations

Communities Foundation of Texas, Inc.

$754,453,000

$76,888,000

6/30/08

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Marguerite Casey Foundation

$743,497,946

$29,652,086

12/31/07

–

Jack Kent Cooke Foundation

$731,831,041

$22,167,160

5/31/07

–

Burroughs Wellcome Fund

$731,595,487

$29,255,925

8/31/08

Has suspended the competitive grants program for 2010, which begins in fall of 2009. Also increasing payout period for awardees.

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Letter From the President- 23 February 2009

William Randolph Hearst Foundation

$700,093,440

$33,229,364

12/31/07

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The Minneapolis Foundation

$689,426,201

$49,540,078

12/31/08

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Other Grantmakers (not among 100 largest foundations, by total assets)

The Atlantic Philanthropies

$4,284,849,000

$508,481,000

12/31/07

Partnering with OSI and MoveOn.org to match gifts up to $300,000 made to help organizations and groups hit hard by the Bernard Madoff scandal.

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The Atlantic Philanthropies, Open Society Institute, and MoveOn.org Respond to Madoff Scandal With Matching Program

Will slightly reduce overall grant spending for 2009 and cut some operating expenses.

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An Update on Philanthropy and the Economic Crisis: How Atlantic is Responding

UJA Federation of New York

$1,113,609,000

$145,323,000

6/30/06

Allocated additional money to the Metropolitan Council on Jewish Poverty, launched a scholarship program, and is working with other agencies to help vulnerable community members.

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How We're Responding to the Financial Crisis

Picower Foundation

$958,425,057

$23,424,401

12/31/07

Immediately halting grantmaking and closing its doors.

Fallout From Madoff Scandal Spreads (Part 2)

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The John A. Hartford Foundation, Inc.

$683,844,232

$29,802,984

12/31/07

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Community Foundation for Southeast Michigan

$678,357,305

$51,279,257

12/31/07

Announced a $1 million challenge to stimulate giving to arts and cultural organizations in the region, with the goal of helping arts groups raise $3 million in operating funds.

Community Foundation for Southeastern Michigan Announces $1 Million Challenge to Area Arts Groups

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Seattle Foundation

$676,792,933

$57,603,017

12/31/07

Announced more than $800,000 in grants to five multi-service organizations working to help Puget Sound families hit hard by the economic downturn.

Seattle Foundation Awards $800,000 to Help Families Hit Hard by Recession

Foundation Awards $800,000 in Grants to Help Families Hit Hard by Recession

Investments remain relatively stable; no drastic changes planned.

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Remaining Confident in Times of Economic Uncertainty

Central Indiana Community Foundation, Inc.

$670,306,270

$38,539,909

12/31/07

Partnering with five other Central Indiana organizations to create the new $3.2 million Local Relief Fund.

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Central Indiana Philanthropic Community Unites to Create New $3.2 Million Local Relief Fund

Meyer Memorial Trust

$674,417,501

$28,000,000

3/31/08

Has decided not to reduce the grants budget in the current fiscal year.

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Still Looking to do More

Longwood Foundation, Inc.

$661,178,355

$42,798,418

9/30/08

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The Virginia G. Piper Charitable Trust

$644,220,394

$25,274,182

3/31/07

Intends to fulfill its committment of $26 million in grant payments for the fiscal year ending March 21, 2009.

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Piper Trust Balances Strategic and Emergency Grantmaking

Evelyn and Walter Haas, Jr. Fund

$621,648,289

$31,033,105

12/31/07

Will be increasing total grant payments in 2009. However, the Fund is shifting from multi-year to one-year grants, deferring payments of some grants, and denying some returning grantseekers.

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From the President

Otto Bremer Foundation

$615,761,975

$28,981,712

12/31/07

Announced the creation of an Emergency Fund to provide grants of up to $100,000.

More Foundations Respond to Economic Crisis: Gates, California Endowment, Otto Bremer, Rasmuson

Bremer Emergency Fund Grants

Twin Cities funding in 2009 will be focused on programs and initiatives to relieve poverty, including emergency assistance and longer-term poverty reduction.

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Twin Cities Funding Overview

Rasmuson Foundation

$587,937,550

$21,512,625

12/31/06

Will cut grantmaking by 14 percent, to $19 million from the $22 million awarded in 2008. The Foundation stills plans to award approximately $860,000 to Alaska's arts community in 2009.

Rasmuson Foundation to Cut Size of Largest Grants in 2009

Clarification of Recent News Coverage

Greater Milwaukee Foundation

$574,010,246

$32,662,025

12/31/07

Created The Basic Needs Fund, allocating $362,500 in 2009 to help local nonprofits reach more families and individuals in need of food and shelter.

Greater Milwaukee Foundation Awards $6.2 Million in First Quarter Grants

Foundation to Provide $300,000 to Help Families in Need

El Pomar Foundation

$569,431,809

$15,907,639

12/31/07

Through the newly established Colorado Assistance Fund, the Foundation will provide $1 million in funding to nonprofits throughout Colorado that help meet basic and emergency needs as a result of tough economic times.

El Pomar Foundation Awards $1 Million for Basic Needs in Colorado

El Pomar Gives $1 Million Gift for Basic Needs in Colorado

The Denver Foundation

$559,026,450

$65,127,294

12/31/07

Mobilized its Critical Needs Fund in December for Hunger Relief.

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Feeding the Hungry: Denver Foundation Gives Nearly $300,000 in Grants to Food Providers

The Greater Cincinnati Foundation

$518,758,310

$39,998,633

12/31/07

Announced a commitment of at least $1 million to the new "Weathering the Economic Storm" fund to provide support and stability for both families and nonprofits.

Greater Cincinnati Foundation Rallies Support for 'Safety Net' Fund

Foundation Tackles Economic Downturn

Maintaining current funding levels, but shifting its focus to stabilization of families and nonprofit organizations.

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To Our Friends and Partners

The George Gund Foundation

$513,322,656

$23,411,505

12/31/07

Intends to increase payout, but total dollars for 2009 will likely be down. The Foundation does not expect to make any large new commitments.

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A Message to Grantees: How we are Responding to a Difficult Economy

Arizona Community Foundation

$511,573,000

$70,383,000

3/31/08

Will match donations up to $50,000 to its Basic Need Fund.

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ACF to Match Donations for Basic Needs

McCune Foundation

$466,641,966

$27,079,744

9/30/08

Will decide at its June 15 meeting whether to restart its online grant-application tool, which has been disabled for roughly a year.

McCune Foundation to Consider Resuming Grantmaking

McCune Foundation May Resume Taking Grant Proposals

Claude Worthington Benedum Foundation

$454,956,820

$19,668,200

12/31/07

Announced a reduction in grantmaking from $18.8 million in 2008 to roughly $12 million in 2009.

McCune Foundation to Consider Resuming Grantmaking

McCune Foundation May Resume Taking Grant Proposals

The Ralph M. Parsons Foundation

$450,438,358

$22,112,541

12/31/07

Will contribute about $14 million to charities in Southern California, a $5 million decrease from 2008.

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Many Foundations Have Lost Almost One-Third of Their Assets, Chronicle Study Finds

Jewish Community Federation of Cleveland

$447,411,894

$124,576,841

6/30/07

Reorganized the program Strengthening and Growing Jewish Cleveland to provide a range of services for Jewish residents suffering from the economic recession.

–

Jewish Community Federation Expands Key Program

Koret Foundation

$414,095,890

$21,496,537

12/31/07

Will fulfill existing commitments and continue grantmaking.

–

A Word on the Economy

Nina Mason Pulliam Charitable Trust

$401,344,357

$15,162,364

12/31/07

Refocusing grantmaking and will not accept proposals for capital campaign or endowment purposes. The foundation will redirect those funds to human-service organizations.

Pulliam Charitable Trust Refocuses Grantmaking in Response to Downturn

$2.2 Million Goes to 37 Indiana Nonprofits, Greatest Needs to be Served

Hawaii Community Foundation

$385,186,618

$23,282,204

12/31/07

Working to maintain giving levels, some minor effects from the economy.

Hawaii College Students Likely to Face More Competition for Scholarships, Officials Warn

Students Warned of Funding Shortfalls

The Community Foundation for the National Capital Region

$383,114,303

$91,206,281

3/31/08

Established the Neighbors in Need Fund to support safety-net nonprofits in the Greater Washington, DC, region, but overall giving will decrease in 2009.

–

The Neighbors in Need Fund

The Oak Foundation U.S.A.

$368,420,877

$28,721,715

12/31/07

At minimum, expects to maintain 2008 grantmaking levels for 2009.

–

Oak Foundation Grantmaking in 2009

Dyson Foundation

$353,308,791

$27,321,281

12/31/07

Plans to award the same amount in grants as last year, but with a focus on basic needs and emergency assistance.

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A Letter Regarding Dyson Foundation Funding Guidelines Changes

The Leon Levine Foundation

$342,008,507

$9,496,723

6/30/07

Launched the Critical Need Response Fund in partnership with Mecklenburg Ministries, the Charlotte Chamber of Commerce, the United Way of Central Carolinas and Foundation For The Carolinas.

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Critical Need Response Fund

The Pew Charitable Trusts

$338,349,377

$205,011,434

6/30/07

Aiming to protect existing grantees from the erosion of its endowment by suspending the creation of new programs and trimming operational expenses.

Philadelphia-Area Grantmakers, Nonprofits Increasingly Feeling Squeezed

Donors' Belt-Tightening Squeezes Grantees

Jessie Ball duPont Fund

$325,980,619

$13,339,605

12/31/07

Increased payout to 6 percent, keeping 2009 competitive grant totals in line with recent years. Will also continue to fulfill payment of multi-year commitments made in the past.

–

A Letter From the Chair and President

Carl and Ruth Shapiro Family Foundation

$323,912,042

$12,884,837

12/31/07

Will not award any new grants this year.

–

Foundations are Feeling the Pinch

The F. B. Heron Foundation

$317,185,471

$6,922,795

12/31/07

Does not plan to cut back on existing grants, but does not expect to have funds available for new grant relationships or increases for current grantees in 2009.

–

A Letter From the President

Geraldine R. Dodge Foundation, Inc.

$310,584,974

$16,418,408

12/31/07

Grantmaking for 2009 reduced to $10.5 million, down from $15.6 million in 2008.

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Letter to all Dodge Grantees From David Grant, March 2009

Albert and Bessie Mae Kronkosky Charitable Foundation

$306,225,335

$12,162,199

12/31/07

Suspending capital grants, except in rare circumstances, and focusing on program operations grants in light of funding shortfalls affecting regularly funded grantees. This policy is expected to last through 2010.

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Kronkosky Charitable Foundation Web Site

The New York State Health Foundation

$301,944,069

$8,483,241

12/31/07

Established the 2009 Economic Recovery Fund to assist New York State's nonprofit health sector respond to the economic crisis.

–

2009 Economic Recovery Fund

The Community Foundation for Greater New Haven

$298,413,877

$12,614,531

12/31/07

Will have increased amounts available for grantmaking in 2009.

–

The Community Foundation for Greater New Haven Web Site

Santa Barbara Foundation

$295,644,670

$29,701,987

12/31/06

Announced the creation of the Community Economic Recovery Fund to help local nonprofit groups provide food, shelter, or medical assistance in Santa Barbara County.

Community Foundation Update (5/9/09)

Foundation Creates Economic Recovery Fund

Altman Foundation

$292,074,901

$14,236,714

12/31/07

Plans to maintain grantmaking at $12 million in 2009, approximately the same level as in 2008, with very little money available for new grants.

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An Important Update From the Foundation

Walter and Elise Haas Fund

$271,471,000

$10,381,000

12/31/07

Grants budget for 2009 essentially the same as 2008, although the Fund will not be making new multi-year commitments.

–

From the Executive Director

The Community Foundation Serving Richmond and Central Virginia

$246,538,972

$30,619,998

12/31/06

Created the temporary 2009 Safety Net Fund, with a distribution of $1 million.

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2009 Safety Net Fund Helping Nonprofits Meet Increased Demand for Service During Economic Crisis

Grand Rapids Community Foundation

$233,515,221

$8,181,742

6/30/07

Giving in 2009 will be roughly the same as 2008, despite a decline in assets.

Grand Rapids Foundations Feeling Effects of Recession

Grand Rapids Foundations Watch Their Pennies as Portfolios Fall

The Frist Foundation

$231,077,045

$7,483,915

12/31/07

Focusing on Nashville agencies serving vulnerable populations in 2009.

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Frist Foundation Web Site

Saint Luke's Foundation of Cleveland, Ohio

$229,782,994

$10,194,575

12/31/07

Has decided to concentrate resources on basic needs, and will make few, if any, multi-year commitments until the economy has stabilized.

–

Saint Luke's Foundation Web Site

The Eugene and Agnes E. Meyer Foundation

$225,527,850

$8,285,890

12/31/07

Grantmaking for 2009 is expected to be $7.3 million, compared to $8 million in 2008.

5 Questions for Julie Rogers, President, Eugene and Agnes E. Meyer Foundation

Open Letter to the Nonprofit Community

The John Merck Fund

$217,481,774

$14,073,280

12/31/06

Planning to give $9.5 million this year, down from $13 million.

–

Foundations are Feeling the Pinch

The Highland Street Foundation

$213,370,407

$6,355,086

12/31/06

Will increase giving by about $1 million to a total of $12 million this year.

–

Foundations are Feeling the Pinch

Minnesota Community Foundation

$213,139,565

$17,951,877

12/31/07

With the Saint Paul Foundation, announced the creation of a new community economic relief fund with commitments of more than $2 million.

Minnesota Community Foundation and Saint Paul Foundation Commit $2 Million to Launch Economic Relief Fund

Community Economic Relief Fund

General Motors Foundation, Inc.

$203,758,120

$31,433,971

12/31/07

Has no budget for 2009 and no immediate plan for resuming charitable giving.

Detroit Nonprofits Feel Pain of GM Bankruptcy

A New Blow to Arts Groups Funded by Automaker

Freddie Mac Foundation

$197,542,234

$22,232,459

12/31/07

Giving for 2009 is unknown, but the amount is likely to be less than in recent years.

Fannie Mae, Freddie Mac Resume Charitable Activities

Fannie Mae, Freddie Mac Start Giving

The George I. Alden Trust

$196,657,000

$10,136,000

12/31/07

Plans to cut 2009 grants by one-quarter, about $2 million.

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Foundations are Feeling the Pinch

Community Foundation for the Fox Valley Region, Inc.

$196,582,546

$18,306,967

6/30/08

Announced the new Bridge Grant Program, designed to help charitable organizations deal with budget pressures created by the recession.

Community Foundation Update (6/20/09)

Grants Offer Help to Nonprofits Struggling With Recession

S. H. Cowell Foundation

$178,823,158

$8,070,812

12/31/07

Although the grants budget will be reduced in terms of dollars, the Foundation estimates that it will payout 10 percent of its corpus in grants in 2009.

–

President's Letter

Research Corporation

$178,455,427

$5,651,034

12/31/07

Instead of cutting programs or reducing funding for 2009, will cut administrative costs and modify existing programs to be more effective.

–

Reaffirming Our Commitment

Chais Family Foundation

$178,009,106

$8,183,020

5/31/07

Immediately halting grantmaking and closing its doors.

Fallout From Madoff Scandal Spreads

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Sierra Health Foundation

$168,807,251

$3,706,758

12/31/06

Has committed $1 million for safety-net services through its Responsive Grants Program.

–

Responsive Grants Program

The Community Foundation of Greater Birmingham

$164,495,277

$14,028,119

12/31/07

Temporary changes in grant guidelines for 2009, as well as a new Housing Stability Fund.

–

Grant Changes, New Fund in Response to Economy

The Melville Charitable Trust

$162,851,496

$4,594,667

12/31/07

Plans to maintain its level of giving in 2009.

–

Foundations are Feeling the Pinch

Wege Foundation

$162,542,383

$13,621,053

12/31/06

Giving in 2009 will be down 20 percent, and the foundation will not be providing grants to new programs and capital projects.

Grand Rapids Foundations Feeling Effects of Recession

Grand Rapids Foundations Watch Their Pennies as Portfolios Fall

Madison Community Foundation

$155,768,495

$10,661,376

12/31/07

Plans to spend the entirety of unrestricted-fund grants for 2009 on basic needs.

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Madison Community Foundation to Shift Funding to Food, Shelter, Energy

Frey Foundation

$155,363,218

$5,687,370

12/31/07

Expects to give about 7 percent less than last year.

Grand Rapids Foundations Feeling Effects of Recession

Grand Rapids Foundations Watch Their Pennies as Portfolios Fall

The Hyams Foundation, Inc.

$155,342,842

$5,089,333

12/31/06

Will give about $4.9 million this year, down 7 percent from last year.

–

Foundations are Feeling the Pinch

Toledo Community Foundation, Inc.

$150,180,751

$8,639,886

12/31/07

Created a new fund to be used exclusively for grants to nonprofit groups that provide food, clothing and shelter assistance in Northwest Ohio and Southeast Michigan.

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Foundation Creates Safety Net Fund; Invites Local Givers to Join

The Prudential Foundation

$135,872,529

$24,303,612

12/31/07

Formed the 2008 Fund for Families, an initiative that will immediately disperse $1 million to address urgent needs caused by the nation's financial downturn.

–

The Prudential Foundation Launches New Initiative to Help Families Affected by Economic Downturn

Henry L. Hillman Foundation

$123,325,849

$4,802,740

12/31/07

Grantmaking expected to decline.

McCune Foundation to Consider Resuming Grantmaking

McCune Foundation May Resume Taking Grant Proposals

Mertz Gilmore Foundation

$120,591,286

$6,939,480

12/31/07

Striving to sustain the same work in 2009.

Mertz Gilmore, Argosy Foundations, Harvard Respond to Economic Crisis

Mertz Gilmore to Hold Grant Funding Steady in 2009

Peter G. Peterson Foundation

$116,780,194

$0

3/31/08

Teamed up with mtvU to create InDebtEd, a new campaign for college students that raises awareness about the dangers of personal and government debt and promotes action to help stop the fiscal crisis in the United States.

–

PGPF Teams Up With MTVU on InDebtEd

Wiregrass Foundation

$105,894,118

$3,014,399

12/31/07

The foundation is postponing new commitments until the latter half of 2009. The April grant cycle is cancelled, but grantmaking is expected to resume in June.

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Special Notice

Community Foundation of Greater Fort Wayne

$101,538,203

$5,363,747

12/31/07

Announced emergency grants totaling $200,000 to eleven local nonprofits.

Community Foundation Update (1/24/09)

Community Foundation Provides $200,000 in Emergency Grants

Community Foundation for Southern Arizona

$99,779,290

$8,022,795

6/30/06

Set aside this year's grant money before the economic downturn, and plans to grant $500,000 to nonprofits serving the community through their new Economic Relief and Stability Fund.

Community Foundation Update (2/21/09)

Economic Relief and Stability Fund

Jerome Foundation

$95,158,549

$3,596,993

4/30/07

In the 2008-2009 fiscal year, the Jerome Foundation will distribute more in grant dollars than it did in 2007-2008, yet less than it planned to commit.

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Jerome Foundation Web Site

Dean and Margaret Lesher Foundation

$88,102,619

$3,939,407

12/31/07

Will accept grant proposals only from those nonprofit organizations it is currently funding or has funded in the past.

–

Lesher Foundation Web Site

New York Foundation

$82,953,374

$4,663,773

12/31/07

Planning to maintain grant levels for returning grantees. As a result, fewer new grants will be made.

–

New York Foundation Web Site

United Way of Central Alabama, Inc.

$81,818,207

$25,965,635

12/31/07

Created the Community Crisis Fund to provide help to social service providers.

–

United Way Seeks Donations for 'Community Crisis' Fund

Gebbie Foundation, Inc.

$81,795,369

$3,477,590

12/31/06

Not committing to new programs and capital projects for the time being.

–

Economy Hurts Foundations

The Reinberger Foundation

$81,710,371

$3,984,234

12/31/07

Will not be accepting requests for Education and Health for 2009.

–

Welcome to the Reinberger Foundation

The PepsiCo Foundation, Inc.

$80,805,951

$23,291,549

12/31/07

Announced a strategic partnership with the United Nations World Food Program (WFP) designed to enhance WFP's ability to deliver food and relief to vulnerable communities.

PepsiCo Foundation, UN World Food Program Announce Partnership

PepsiCo Foundation and United Nations World Food Program Announce Partnership to Enhance Humanitarian Relief Delivery Around the World

The Youngstown Foundation

$77,519,435

$3,213,551

12/31/07

Plans to institute a Crisis Assistance Program for 2009 with an initial allocation of $30,000 to address basic needs.

–

Crisis Assistance Program

The Edward E. Ford Foundation

$76,332,078

$2,726,586

9/30/07

Roughly $750,000 in grants will be awarded per meeting for the foreseeable future.

–

Recent Board Action

Ford Motor Company Fund

$74,954,772

$6,527,567

12/31/07

Expects to cut giving 40 percent from last year's total of $35 million.

Detroit Grantmakers Face Tough Funding Decisions

As Detroit Struggles, Foundations Shift Mission

Blue Shield of California Foundation

$72,889,326

$31,461,056

12/31/07

Will meet all existing grant commitments and will release new requests for proposals for core operating support and capacity building initiatives that fund community clinics and domestic violence service providers.

–

From the President and CEO

Oshkosh Area Community Foundation

$72,617,125

$3,101,513

6/30/07

In response to a worsening economy, the foundation is offering basic needs grants to local nonprofit organizations.

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Community Foundation Offers Basic Needs Grants

Montana Community Foundation

$62,990,203

$1,337,946

6/30/07

Created the emergency relief fund, called Big Sky LIFT, to make one-time critical needs grants.

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Big Sky LIFT: Lift for Individuals/Families in Financial Trouble

Argosy Foundation

$62,237,820

$15,911,638

12/31/06

Will significantly reduce grantmaking.

Mertz Gilmore, Argosy Foundations, Harvard Respond to Economic Crisis

Argosy's Response to Recent Developments in Global Markets

The Salem Health and Wellness Foundation, Inc.

$56,698,733

$397,313

12/31/07

Will strategically focus funding on two areas of need: outpatient and crisis mental health services and dental health services for the uninsured.

–

An Important Message From the Foundation

Eos Foundation

$49,768,188

$1,544,777

6/30/08

Planning to increase antipoverty spending despite a 30 percent loss in assets.

–

Downturn Spurs Some Mass. Foundations to Increase Grants

Initiative Foundation

$48,004,522

$1,189,456

6/30/07

To speed the economic recovery, the foundation announced plans for $3.1 million in nonprofit grants and business financing.

–

Initiative Foundation Announces 2009 Focus on Economic Recovery

Community Foundation for South Central New York

$39,911,429

$2,795,513

12/31/07

Announced an increase in total grant dollars available for its general grant program in 2009.

–

2009 Competitive Grant Funding to Nonprofit Agencies Should Prepare and Submit Proposals for Spring Grant Round by March 2nd

United Way of Central Maryland, Inc.

$38,918,255

$30,240,517

6/30/07

Plans to raise $1 million for an emergency response fund to help local charities meet a growing need for food, housing, and utility assistance.

United Way of Central Maryland to Raise $1 Million for Emergency Fund

United Way Aims to Raise $1 Million Emergency Fund

The Harder Foundation

$38,140,636

$1,415,000

12/31/07

A substantial reduction in grant making for this year and next. Will eliminate the spring grant cycle and will not award new grants in 2009, with few exeptions.

President's Message for 2009

Brandywine Health Foundation

$34,717,466

$696,490

6/30/07

Announced that it is postponing all grant decisions until July and will avoid funding new grantees and projects.

Philadelphia-Area Grantmakers, Nonprofits Increasingly Feeling Squeezed

Donors' Belt-Tightening Squeezes Grantees

Northwest Health Foundation, Fund II

$33,755,439

$5,901,973

12/31/07

Will maintain its 2009 program budget at the same level as 2008.

–

The Effects of the Global Financial Crisis on Northwest Health Foundation

The Lancaster County Community Foundation

$32,122,747

$937,337

12/31/07

Through Family Aid, the Community Foundation will be partnering with nonprofit organizations to provide immediate assistance to families who suddenly find themselves in a tough situation because of job loss.

–

Programs and Initiatives: Family Aid

Community Foundation of Jackson Hole

$29,955,385

$14,460,881

12/31/07

Established the Economic Response Initiative to support organizations providing food, shelter, safety, emergency financial assistance and healthcare to vulnerable families and individuals.

–

Forgoing Dinner So Others Can Eat

The DuPage Community Foundation

$24,829,353

$1,322,937

6/30/08

Increased its spring grant budget by $50,000.

–

Community Crisis Challenge

Blanche & Julian Robertson Family Foundation, Inc.

$24,399,898

$2,551,010

12/31/07

The foundation's index fund was down 38 percent in December of 2008, and giving for the next year is uncertain.

–

Financial Crisis Hurting Local Foundations

A.L. Mailman Family Foundation, Inc.

$23,985,363

$1,025,737

12/31/07

Not inviting proposals for new projects, due to a decrease in assets.

–

A.L. Mailman Family Foundation Web Site

Richard E. and Deborah L. Tarrant Foundation, Inc.

$19,478,073

$1,773,130

12/31/07

Will have substantially less available than in previous years.

–

Tarrant Foundation Web Site

Napa Valley Community Foundation

$17,615,810

$2,660,784

6/30/07

Announced an emergency "safety net" grant program to help meet increased demand for basic needs.

–

Napa Valley Community Foundation Web Site

Community Foundation of Madison and Jefferson County, Inc.

$16,790,704

$533,906

12/31/07

Started a special “Help Your Neighbor” campaign instead of conducting its traditional competitive grant programs this year. Up to $30,000 is available.

–

Grants Program Suspended and Help Your Neighbor Initiated

The W.L.S. Spencer Foundation

$15,259,526

$1,227,666

12/31/07

The Foundation will only consider grant requests from previously funded organizations.

–

Grantmaking Guidelines, Updated 1/23/09

Paul G. Allen Foundation

$14,223,731

$25,599,408

12/31/06

Reduced both the number and size of grants in some areas, and will focus many grants on helping nonprofit organizations provide short term emergency needs, as well as long-term efforts such as job training.

Squeezed by Recession, Seattle Foundations to Scale Back in 2009

Our Response to the Current Economic Crisis

Jewish Funders Network

$12,908,643

-

12/31/06

Announced the launch of a $5 million fund to assist nonprofits harmed by Bernard Madoff.

Jewish Funders Network Establishes Fund to Help Nonprofits Harmed by Madoff Scheme

Jewish Funders Network Web Site

Jewish Funds for Justice

$12,891,042

$2,408,854

6/30/07

While one of JFSJ's donor-advised funds is at risk, none of its operational funds have been impacted.

–

Jewish Funds for Justice Responds to the Madoff Scandal

The Paul Rapoport Foundation, Inc.

$10,435,546

579,000

6/30/08

Announced that it will cease grantmaking on June 30, 2014, and close its doors by the following year.

Paul Rapoport Foundation to Spend Out, Cease Operations

Paul Rapoport Foundation to Close its Doors in 2015

JEHT Foundation

$7,503,918

$224,208,994

12/31/07

Immediately halted grantmaking and closed its doors at the end of January.

Fallout From Madoff Scandal Spreads

Statement of Robert Crane, President of the JEHT Foundation, on behalf of the Foundation's Board of Directors

Robert I. Lappin Charitable Foundation

$7,121,068

$164,971

12/31/06

Has reopened since closing in December, with reduced funding for several local programs.

Fallout From Madoff Scandal Spreads

Foundations are Feeling the Pinch

Fulfillment Fund

$6,875,641

$143,084

6/30/07

Has reduced the number of college scholarships it offers to Los Angeles public high school students over the past three years by nearly half.

Scholarships Harder to Come By as Providers Cut Back

Scholarships for College Dwindle as Providers Pull Back Their Support

GE Foundation

$6,573,815

$88,252,767

12/31/06

Planning to shift more of its grant dollars to organizations and programs working to meet basic needs such as food, shelter, and clothing.

GE Foundation to Shift More Grant Dollars to Basic Needs

GE Foundation Switches Donation Focus to Basic Needs

Union Labor Health Foundation

$6,176,803

$232,572

6/30/07

Board of Directors has established new priorities for grants this spring, focusing on partnerships with programs that ensure access to basic treatment and care.

–

Community Health Grants Will Target Basic Care

Community Foundation of Burke County

$5,375,614

$354,369

12/31/06

Has waived administration fees for contributions to the new Recession Response Fund so that all money raised will be granted during 2009 for critical and basic needs in Burke County.

–

New Foundation Fund Will Help Fight Recession

International Aid, Inc.

$4,379,913

$108,105

6/30/08

Announced that it would cease operations, effective immediately.

International Aid Ceases Operations

International Aid Announces Closure

The New York Times Company Foundation, Inc.

$2,499,227

$6,556,421