Falling assets and bleak economy mean annual giving of top 100 family foundations is predicted to fall over next few yearsFalling assets and a difficult economy have meant that the majority of family foundations, the leading source of major philanthropy in the UK, believe they will reduce their charitable spending over the next few years, research has shown.The report, produced by Pears Foundation and the centre for charitable giving and philanthropy at Cass Business School, reflects a worrying pessimism among family foundations about their ability to meet growing demand for their help.Foundations have had to divert resources to help tackle the increased societal need caused …
Full Story Family foundations believe they will reduce charitable spending, says report
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