Foundations turn to bond market in response to rising need
Alex Daniels Of The Chronicle Of Philanthropy
Associated Press
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The Ford Foundation Building is seen in New York, Friday, Feb. 19, 2021. The foundation is one of nine grant makers that have issued a total of $3 billion in debt since June to cover increases in their grant making. (AP Photo/Seth Wenig)
As the pandemic’s misery continued last fall, foundation leaders like Robert Ross of the California Endowment discovered a way to pump hundreds of millions of dollars to nonprofits working to minimize the damage: The bond market.
Foundations turn to bond market in response to rising n
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Foundations turn to bond market in response to rising need
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