Given the difficult economic times ahead for most nonprofit supporters, it’s good to read a story about how foundations are stepping up to fill the gap. Irene Sege wrote a promising article in today’s Boston Globe in which she says “At a time when most foundations are cutting back or maintaining last year’s spending, a few are doing what hedge fund manager Ken Nickerson of the Eos Foundation calls “counter-cyclical giving.” They’re increasing their grants”.
This is welcome news given the doom and gloom we’ve been hearing about charitable giving and most recently major donor attrition.
Read the entire story here.
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