The word “unprecedented” has been used to describe the current year with such frequency that it’s becoming shopworn. Still, the cumulative impact of COVID-19, high unemployment, and social turmoil has been nothing less. Confronted with suffering and ever-increasing need, the entire philanthropic community is under pressure to do more with finite resources.
To determine how private foundations are meeting this moment, Foundation Source asked its private foundation clients about the forces shaping their grantmaking, how they’ve adapted their missions and strategies, and their outlook for the remainder of the year. Because most Foundation Source clients, like the vast majority of private foundations, are relatively small (most with assets of less than $50M), their answers could provide insight into how the broader private foundation community is responding to the ongoing crisis and what we might expect to see in the coming months.