Surviving and Thriving in Tough TimesDear friends and colleagues: In part because of these efforts, we now have the best opportunity in over a decade to make significant conservation gains. However, we also will need to partner through one of the most challenging situations in recent memory.
Unfortunately, the rapid and significant decline of our economy now presents us all with unprecedented challenges. Those of us in the philanthropic sector are grappling with the
consequences of this economic disaster. According to the Council on
Foundations, foundations have reported declines in asset values that
average 28 per cent. Since foundation grantmaking budgets are often tied to the
value of investment portfolios, many foundations decreased giving in 2008 and are
decreasing giving further in 2009. Many corporate funders are also
facing serious shortfalls resulting in decreased budgets available for
charitable investments. Assuming the market doesn't rebound, continued
cuts to grant levels are also likely in 2010. What does this mean for your organization?
Our intent is to offer proactive advice without becoming unnecessarily alarmist. We hope this inspires a robust conversation between the staff and board
that helps you plan – and act – to assure the viability of your
organization and its mission. **Much of the text in this letter was borrowed from an open letter from American Northwest Environmental Funders. They have very eloquently captured the essence of the current economic climate and the effects this may have on the ENGO sector. For the full text and context of the letter click here. |
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