European foundations’ responses to the economic crisis
In the run-up to the Symposium on ‘Responsible Leadership in Times of Crisis’, hosted by Banque de Luxembourg in October, Alliance magazine, in cooperation with Banque de Luxembourg, commissioned a series of case studies from European foundations. What we wanted to find out was how the crisis had affected them and what measures they had taken, either to safeguard their own assets or to protect the organizations and causes they support.
These ‘case studies’ are the stories of European foundations’ responses to date. They show a determination not only to stand by their existing grantees but also to extend their reach to other groups and individuals feeling the worst effects of the crisis. For many, the crisis has also precipitated new ways of working and has brought home the need for concerted action if the most effective results are to be achieved.
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Fondazione Cassa di Risparmio di Cuneo, Italy
The Calouste Gulbenkian Foundation, Portugal
