Foundations Paying Out, Expect Deep Recession

credit: Healthy People 2020

Some 41 percent of respondents are more optimistic and expect a short, sharp COVID-19-driven recession followed by a strong recovery.

61 percent are taking immediate action to reduce their costs, expenses, and spending rate to protect the corpus.

The survey was conducted online by NEPC's Endowments and Foundations Practice Group in March 2020.

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