Grant funding 'safe in short term'

By David Ainsworth, Third Sector, 19 November 2008

The economic downturn is unlikely to affect levels of grant funding for the next two or three years, senior charitable foundation figures have said.

David Emerson, chief executive of the Association of Charitable Foundations, said most foundations laid out their spending strategies two to three years in advance and should therefore be able to meet any agreed commitments. Most would normally hold all money committed for grants in cash or near-cash assets, he said. James Brooke-Turner, finance director...