Foundations Adopt Policies to Move More Money Faster, and With Fewer Restrictions

WASHINGTON, DC -- The Chronicle for Philanthropy reports on foundations adapting their policies, and spoke with The Community Foundation for Greater New Haven as one foundation that has shifted its calendar. It sent out more than $1 million in grants to nonprofits in multiyear general operating-support contracts last Friday. Under normal conditions, says William Ginsberg, the foundation’s president, those checks might not have been sent until late in the year or in 2021, depending on when a grantee’s annual paperwork was sent in.