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.
Future of Good journalism and events produce insightful analysis and knowledge you need to work and grow.
Read this article with a free account or explore membership options for unlimited access.
Already have an account? Sign in.