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Crisis Spurs $116 Million in Grants
Published in Philanthropy Journal: February 6, 2009
Almost 50 U.S. foundations so far have responded to the recession by awarding a total of $116.5 million in grants to mitigate the fallout of the downturn, a new report says.
Those grants are for services such as foreclosure prevention, emergency food relief, support for the homeless and financial counseling, says the research advisory from the Foundation Center...
The Ford Foundation invested $300,000 to better understand the crisis and to develop a regulatory framework for to address it.
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