Ohio's Charitable Foundations Asked to Do More With Less
With Ohio's economy crumbling, charities and non-profit groups are being asked to do more than ever. But, ironically, they may have less money to do their work. That's because some of the charities' biggest contributors - giant charitable foundations- are also feeling a financial pinch. There are 3100 charitable foundations across Ohio. George Espy is President of their trade organization - the Ohio Grantmakers Forum. He talked with Ohio Public Radio's Bill Cohen.
Espy says the charitable foundations will try to weather the financial storm by cutting their administrative expenses and by encouraging the non-profit groups they serve to collaborate more.