The John D. and Catherine T. MacArthur Foundation will increase its giving over the next two years in response to what it calls a “crisis" prompted by the Trump administration's freeze on federal foreign aid and the now- suspended freeze on federal grants.
Palfrey said the foundation would increase giving from 5% of its endowment, which is the minimum required by the Internal Revenue Service, to at least 6% for the next two years.
"This is a major crisis for our sector and it’s a time when those of us who can do more should do more," said John Palfrey, president of MacArthur Foundation, in an interview Wednesday with The Associated Press.
Palfrey announced the increase in a blog post on the foundation's website, saying, “The cliff of funding from federal programs has sent budgets underwater in field after field, and people and communities in the United States and abroad will suffer.”.
Freedom Together Foundation, formerly called the JPB Foundation, also announced that it would double its grantmaking to 10% of its endowment in response to the Trump administration's policies.
