Effects of the Economic Crisis on Health Foundations: Grantmakers in Health (GIH) Survey Results

The United States is experiencing its most severe economic crisis since the Great Depression, a crisis of global proportions with effects well beyond our borders. The subprime mortgage crisis, a volatile stock market, and job losses have taken a serious toll on the nation’s economy and the welfare of our most vulnerable communities. Like the rest of the economy, foundations are feeling the squeeze: fewer resources coupled with the increased need of individuals, families, and communities.

To learn how health foundations are responding to the current economic crisis, Grantmakers In Health surveyed the field at the end of 2008. The survey sought information on how health foundation assets and grantmaking budgets have been affected, the strategies health foundations are using to support grantees, and how foundations are addressing their own financial challenges.
Survey Highlights:

• 91% of GIH Funding Partners reported a decrease in asset base
• 61% are seeking new collaborations or partnerships with other public and private funders
• 34% are delaying consideration of new initiatives or multiyear obligations
• 58% report reductions in overall administrative expenses

To read the entire survey results, click here.