Campbellford/Seymour Community Foundation suspends 2023 granting to ‘protect’ endowment amidst market downturn

“We’re not panicking. We’re just being prudent,” says Russ Christianson, member of the finance committee for the Campbellford/Seymour Community Foundation

Why It Matters

The financial markets have bruised many foundation’s endowments this year. So too, however, have many charities and non-profits been feeling the pinch with increased inflation and service demands. The rate at which foundations keep giving will impact how community organizations are able to support their communities.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Campbellford\/Seymour Community Foundation suspends 2023 granting to \u2018protect\u2019 endowment amidst market downturn. Heather Hill, board member with Bike Action in July at a festival in Campbellford, Ontario. Hill says the Campbellford\/ Seymour Community Foundation\u2019s decision to suspend granting came as a \u201cshock and a disappointment.\u201d (Courtesy: Heather Hill)\u00a0\u00a0 This journalism \u200b\u200bis made possible by the Future of Good editorial fellowship covering the social impact world\u2019s rapidly changing funding models, supported by Future of Good, Community Foundations of Canada, and United Way Centraide Canada.\u00a0See our editorial ethics and standards here. In late October, community organizations in Campbellford, Ontario

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