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ERIC Number: EJ872390
Record Type: Journal
Publication Date: 2010-Jan-20
Pages: 3
Abstractor: ERIC
Reference Count: N/A
ISSN: ISSN-0277-4232
Spending by Education Philanthropies Drops
Robelen, Erik W.
Education Week, v29 n18 p1, 12-13 Jan 2010
Amid the country's economic downturn, planned giving levels by many education grantmakers declined last year. A new analysis of trends in education philanthropy finds, however, that a sizable minority of those surveyed said they expected the grants paid out to hold steady, compared with 2008. A smaller group even planned to increase funding. The report by the nonprofit Grantmakers for Education also notes a growing interest in collaboration among funders, as well as increased attention to fueling educational innovations and providing dollars to support advocacy and public-policy work. At the same time, it finds "strong current and continued support" for teacher professional development, school and district leadership, early-childhood education, college access and readiness, and high school reform. Drawing on surveys completed in mid-2009 by 140 members of the Portland, Oregon-based national network of education grantmakers, who range from private and family foundations of all sizes to corporate philanthropies, the report says that 59 percent of respondents at that time were projecting a drop in their overall grantmaking totals in 2009 compared with the year before. One-quarter expected their giving to stay the same, and 14 percent were actually projecting an increase. Those statistics reflect giving across all categories by the organizations, many of which also make grants in areas outside of education. Separately, 17 percent of respondents said they expected the proportion of their giving directed to education to rise last year, 11 percent said the proportion would decline, and the rest said it would not change. The survey represents organizations making more than $1.2 billion in grants to education in 2009, according to Grantmakers for Education, from early learning and K-12 to postsecondary support, including the Seattle-based Bill & Melinda Gates Foundation, the Chicago Public Education Fund, and the Panasonic Foundation in Secaucus, New Jersey, among many others.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Oregon