Education

A Downturn in Grants

November 06, 2002 1 min read
  • Save to favorites
  • Print

Many foundations’ assets have decreased because of the downturn in the stock market, and many grantmaking budgets have also seen significant declines.

Name Assets at End of Fiscal 2000 Assets at End of Fiscal 2001 Current Assets Fiscal 2001 Grantmaking Budget Fiscal 2002 Grantmaking Budget Fiscal Year Ending Date
Carnegie Corp. of New York $1.9 billion $1.7 billion Not Available $84 million $84 million

Sept. 30

Ford Foundation $14.5 billion $10.7 billion $9 billion $901 million1 $560 million Sept. 30
Gates Foundation $21.8 billion $24.4 billion $24.1 billion $1.1 billion $670.7 million2 Dec. 31
Gund Foundation $408.7 million $427.8 million $400 million $20 million $19 million Dec. 31
Hewlett Foundation $3.7 billion $5.9 billion $4.7 billion $226 million $195 million Dec. 31
Kellogg Foundation & Kellogg Trust $4.9 billion $5.7 billion $5.5 billion $223.1 million $221.5 million Aug. 31
Lilly Endowment $15.6 billion $12.8 billion Not Available $594.1 million $579 million

Dec. 31

Mott Foundation $2.88 billion $2.46 billion $2.16 billion3 $130 million $110 million Dec. 31
Packard Foundation $9.8 billion $6.2 billion $3.7 billion $450 million $250 million Dec. 31
Panasonic Foundation $22.7 million $21.5 million $19.5 million $1.8 million $1.5 million Dec. 31
Pew Charitable Trusts $4.8 billion $4.3 billion $4.1 billion3 $238.9 million $150 million Dec. 31
Spencer Foundation $593.3 million $432.4 million $340 million $26.9 million $12 million March 31
1The Ford Foundation’s fiscal 2001 grant total was inflated because it made the largest grant in the foundation’s history ($280 million) in 2001 to create the International Fellowship Program. The fiscal 2002 grant total, $560 million, is roughly the same as in fiscal 1999.
2The Bill & Melinda Gates Foundation’s fiscal 2002 grants shown here are as of Oct. 25. The foundation anticipates that the final grant total for fiscal 2002 will be approximately the same as in fiscal 2001.
3As of 6/30/02

SOURCE: Education Week staff research

A version of this article appeared in the November 06, 2002 edition of Education Week as A Downturn in Grants

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Law & Courts Webinar
Future of the First Amendment:Exploring Trends in High School Students’ Views of Free Speech
Learn how educators are navigating student free speech issues and addressing controversial topics like gender and race in the classroom.
Content provided by The John S. and James L. Knight Foundation
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
Start Strong With Solid SEL Implementation: Success Strategies for the New School Year
Join Satchel Pulse to learn why implementing a solid SEL program at the beginning of the year will deliver maximum impact to your students.
Content provided by Satchel Pulse
Jobs Virtual Career Fair for Teachers and K-12 Staff
Find teaching jobs and other jobs in K-12 education at the EdWeek Top School Jobs virtual career fair.

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: June 8, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: June 1, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: May 11, 2022
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: April 27, 2022
Here's a look at some recent Education Week articles you may have missed.
9 min read