The Foundation Center 2003 Annual Report

Jan 1, 2004
In 2003, the demand for information on institutional philanthropy reached the highest level in decades. The weak economy resulted in reduced giving by foundations, prompting renewed public interest in their activities. Faced with limited resources, grantmakers reassessed their strategies and programs to seek the greatest impact, while nonprofits tackled a difficult fundraising climate to sustain vital programs and services. As the need for resources intensified, the Foundation Center played a crucial role for both these audiences by connecting them to current and authoritative information on U.S. grantmakers and their giving.
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