Are the stocks really up today? It looks like they are, just slightly!

According to the Chronicle of Philanthropy, 40% of Foundations Expect Giving to Drop in 2009. Read more about the findings of the study here: http://twurl.nl/lg2ukf

Information from the National Science Foundation on Recovery Act supplements: http://ping.fm/kZLNy

“The Recovery Act supplements NSF fiscal year 2009 funding by $3.0 billion. NSF currently has many highly rated proposals that it has not been able to fund. For this reason, NSF is planning to use the majority of the $2 billion available in Research and Related Activities for proposals that are already in house and will be reviewed and/or awarded prior to September 30, 2009.

The Foundation also expects to expeditiously award funds as specified in the Recovery Act for: the Math and Science Partnership program (funded at $25 million); the Robert Noyce Teacher Scholarship Program (funded at $60 million); the Major Research Equipment and Facilities Construction Account (funded at $400 million); the Academic Research Infrastructure (ARI) program (funded at $200 million); and the Science Masters program, (funded at $15 million). Solicitations for these latter two programs will be posted this spring.

NSF will post a solicitation this spring for the Major Research Instrumentation Program (MRI) in order to make a sufficient number of awards to utilize the $300 million provided in the legislation. The Foundation currently anticipates that no other solicitations will be posted that are solely in response to the Recovery Act.”

120 monthly givers at $35 a month = $50,400/year. A $1-million endowment with 5% payout produces $50k/yr.

News on the economy in the NP sector: A great newsletter from the leading organization in  grant development training: http://ping.fm/jqniw

Just located a great industry blog: http://ping.fm/izFEK

Ken Ristine is a grantmaker with the Ben B. Cheney Foundation, and has many insider insights.

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