Foundations that raise millions for hospital construction and costly medical devices report the recession will curtail giving, which is expected to delay or end plans to build or buy equipment.
A November and December 2008 e-mail survey of its members by the Association for Healthcare Philanthropy found more than eight out of 10 respondents experienced some pain from the recession. A little less than half, or 46%, said giving forecasts have or will be scaled back by an average of 17%. Fewer or smaller donations are expected to curb healthcare expansion, renovations and services, respondents said.
The survey of the Falls Church, Va.-based associations 4,518 members had a response rate of 17%, or 755 members. Forty percent said that foundation operating budgets would be cut. About 20% reported reductions or planned cuts to fundraising efforts, with special events cited most often as a target. But another 65% reported increased fundraising efforts, with more than half of those expected to boost planned giving. -- by Melanie Evans