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US foundations' drop in asset income

US foundations' drop in asset income

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.

Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world's first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp.

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