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Steven Laufer

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Steven Laufer is a board member of the Aviv Foundation and a former principal economist at the U.S. Federal Reserve Board.

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Here’s One Way to Help Grantees Deal With Inflation: Give Them More Money

During periods of high inflation, foundations need to recognize that the benefits of long-term grants are undermined by rising costs. They should respond by increasing payments to nonprofits they support, many of whom are struggling to meet program goals due to higher expenses for travel, staff, and other necessities.