Foundation giving will be down (Greystone)

Graystone Consulting and the Association of Small Foundations report:

• 49 percent of small and mid-sized foundations in the country intend to make changes to their spending and grantmaking policies in 2010
• many say they plan to cut their grantmaking budgets
• 14 percent of respondents cited portfolio liquidity as a pressing concern
• 20 percent of did not have an investment policy statement;
• 18 percent did not have a rebalancing policy;
• 61 percent did not intend to change their asset allocation,

Download the report here