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.
Get free email updates
Keep up to date with fundraising news, ideas and inspiration with a weekly or daily email. [Privacy]