The grantmaking climate has been volatile since a 22% decline in foundation assets in late 2008 caused a steep drop in foundation giving. The decline lasted throughout 2009. But in 2010 foundations are recovering their lost assets. The S&P Index has improved by 68% this past year, the largest one-year upturn that since the Great Depression. As a result, 70% of foundations expect to give more this year than last year. Smaller foundations, those most likely to support Christian ministries and churches, are twice as likely to give more in 2010 than they did in 2009.
» Read more: The BEST Foundations For Christian Ministries and Churches