Marta Rey
Where were foundations when we needed them most?
1 September 2009
Alliance magazine
A superficial interpretation of the ongoing crisis and its impact upon foundations has focused on asset value and returns shrinkage. The Foundation Center estimates that the market value of the combined assets of all US foundations has dropped from around $670 billion in 2007 to $561 billion by the end of 2008 - a 16 per cent decline – and some argue[1] that when the actual data are in, the decline will prove to be closer to 25 per cent.
