Washington grantmakers are embracing "Big Change," attacking problems at their core with a long-term vision.
Area grantmakers can drive "Big Change" by capitalizing on timing and momentum; being a strong voice for change; leveraging resources; and building true partnerships.
There's more "Big Change" philanthropy ahead, despite the recession. In fact, the recession has spurred grantmakers to take advantage of their assets beyond dollars.
The recession has served as a crucible for many grantmakers, providing an impetus to reduce expenses, reevaluate priorities, and promote and engage in collaboration.
A lower percentage of grantmakers reported a decrease in assets in 2009 (65%) than in 2008 (86%). Some saw a decline in 2009 as a result of increasing their payout rates.
Grantmakers expect to give fewer grants in 2010 than in 2009.
More respondents expect their grants budgets to decrease than increase in 2010. Nearly half expect a decline; roughly one in six expect a decline of 5% or less. Nearly one-third expect grants budgets to increase. Approximately one-quarter are not sure.