News onPhilanthropy: Foundations Fund Operating Costs After All

News onPhilanthropy: Foundations Fund Operating Costs After All: "Foundations Fund Operating Costs After All

Foundations fund program, not overhead, right?

Not so, according to a new study conducted by the Center on Philanthropy at Indiana University. The study, Paying for Overhead, found that 69% of the 710 foundations surveyed support expenses such as rent, salaries, and accounting systems. Nearly 50% make grants toward general operating support. Almost 1/3 award unrestricted grants."