'Traditional' foundation makes big bet on unrestricted giving. Will it stick post-COVID?
In 2017, just 4 percent of the Lyle S. Hallman Foundation’s grants were “unrestricted.” Today, their no-strings-attached giving has surged to about 70 percent of all gifts.
Why It Matters
During the pandemic, many funders relaxed granting restrictions, allowing charities to be more adaptable and resource hard-to-fund infrastructure costs. Two years in, many charities are still struggling — with increased service demands and decreased donations — and wonder: will grantors be snapping back to program-funding business-as-usual?
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