Campbellford/Seymour Community Foundation suspends 2023 granting to ‘protect’ endowment amidst market downturn
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.
Heather Hill, board member with Bike Action in July at a festival in Campbellford, Ontario. Hill says the Campbellford/ Seymour Community Foundation’s decision to suspend granting came as a “shock and a disappointment.” (Courtesy: Heather Hill)
In late October, community organizations in Campbellford, Ontario, got some bad news.
In an email, the town’s local community foundation, the Campbellford/ Seymour Community Foundation, which operates on the traditional
Our social impact coverage and insights enrich thousands of change makers like you everyday. Sign up for a free account with Future of Good to continue reading this series.
Already have an account? Sign in.