03/31/2009

Foundations Feeling the Pinch

A survey of leading foundations funding educational projects found that nearly two-thirds of these foundations are scaling back their contributions this year due to the hit their assets have taken in the current economy. One major exception is the Bill & Melinda Gates Foundation whose donations will increase by 10% in 2009. Here are the current assets of the leading foundations and how much these assets have decreased in the last year as reported in Education Week (March 18, 2009):

Foundation	Assets (in billions)	Change
Bill & Melinda Gates Foundation	$31.0	-20%
Ford Foundation	9.5	-30%
Robert Wood Johnson Foundation	8.0	-23%
W.K. Kellog Foundation	6.4	-22%
Lilly Endowment	5.5	-26%
John and Catherine MacArthur Foundation	5.2	-24%
Gordon and Betty Moore Foundation	4.8	-25%
David and Lucille Packard Foundation	4.4	-33%

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