In Foundations

Micronews on philanthropy.

Alaska Foundation To Cut Giving

From the Associated Press:

The shaky economy has slashed the assets of a philanthropic Alaska foundation and that will mean fewer dollars going to nonprofit organizations.

A spokeswoman for the Rasmuson Foundation, Alaska’s largest private philanthropic organization, said it will award no large grants worth $25,000 or more this year.

Full article here.

Via the Chronicle of Philanthropy (@philanthropy).

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Filed under: economy

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