June 11, 2009 | Read Time: 1 minute
More than half of the British foundations responding to a recent survey said they expect their giving to decrease in the next 12 months.
According to a survey of 92 grant makers by the Association of Charitable Foundations, a London group that represents about 300 charitable funds, 51 percent said they will reduce their giving, 39 percent said it would remain the same, and 10 percent said it would increase.
A Chronicle survey of 81 funds in April showed American foundations making similar decisions. Fifty-one percent plan to give less in 2009, 32 percent plan to give the same amount, and 17 percent are increasing their grant making.
In the long term, the British foundations appear optimistic. Of 84 grant makers that responded, 21 percent said they expected giving to decline in 2012 and beyond, 33 percent said it would stay the same, and 45 percent said it would grow.
