A decade ago, the National Center for Family Philanthropy wrote a Passages issue paper to examine family foundation practices around discretionary grants. For this Passages, we revisit the subject to see if trends in the use of these grants are changing. Anecdotally, we know that some foundations cut back on their discretionary grantmaking budgets when the economy weakened. Others have begun using them as a way to engage a new generation of board members. But what else is new with discretionary grants? It’s time for a fresh look.
Read the full article about discretionary grants by Susan Crites Price.