Author: Hass, Debra A. and Morrissey, Rachel W.
Publication Year:
Media Type: Report
Summary:
The Donors Forum of Chicago surveyed its local member grantmakers and partners in the nonprofit sector to understand the impact of 9/11 on their organizations, spending, and budgets. Respondents included 66 grantmaking organizations that awarded $1.1 million in grants in 2001 and 120 nonprofit organizations that had a median annual budget of $1.4 million in 2001.
Abstract:
The Donors Forum of Chicago surveyed its local member grantmakers and partners in the nonprofit sector to understand the impact of 9/11 on their organizations, spending, and budgets. Respondents included 66 grantmaking organizations that awarded $1.1 million in grants in 2001 and 120 nonprofit organizations that had a median annual budget of $1.4 million in 2001.
Some of the key findings about grantmaking organizations include:
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9/11 had no apparent impact on local giving, though 48% of the organizations reported giving to 9/11 relief efforts.
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The average decrease in assets was 12%; attributing this to the recession.
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A majority of the grantmakers reported a grant budget increase in 2001.
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Funders continued to pay out pre-9/11 grants even if it exceeded their ability to give.
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Funders are not pursuing new funding areas, but are committing to predetermined priorities.
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Funders are concerned about state budget cuts and an increase in nonprofit requests.
Some of the key findings about nonprofit organizations include:
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Nonprofits experienced a greater impact than funders due to the recession. Programming, expectations, and budgets were affected.
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Operating reserves declined or stayed the same within the past year.
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Nonprofits report an expected increase in their services, especially health and service organizations.
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Nonprofits report a decrease in grant revenue from corporations, individual donors, and other funders.
Link:
http://www.donorsforum.org/forms_pdf/6monthslater.pdf
For More Information Contact:
Kristin R. Lindsey, Senior Vice President, Donors Forum of Chicago
Telephone: 312.327.8940
E-mail: [email protected]
Laura Svendsen, Communications Coordinator, Donors Forum of Chicago
Telephone: 312.327.8942
E-mail: [email protected]
Arts & Intersections:
Categories: Fundraising
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PUBLISHER INFORMATION
Name: Donors Forum of Chicago
Website URL: http://www.donorsforum.org