US foundations' drop in asset income

Howard Lake | 20 February 2001 | News

Major US grant-making foundations have reported drops in their asset income, which could result in them maintaining or reducing their levels of funding to charities. Around half of 142 foundations surveyed by the Chronicle of Philanthropy stated that their assets had dropped over the past year.

This, the first decline in ten years, is attributed to the drop in hi-tech share prices.

Read Downturn in profits will see US charities suffer by Nicola Hill at SocietyGuardian.

About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale. He is the founder of Fundraising Camp and co-founder of GoodJobs.