{"id":9880,"date":"2009-02-15T00:00:00","date_gmt":"2009-02-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"downturn-spurs-some-foundations-to-give-more","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/downturn-spurs-some-foundations-to-give-more.html","title":{"rendered":"Downturn spurs some foundations to give more"},"content":{"rendered":"<p>Boston Globe &#8211; At a time when most foundations are cutting back or maintaining last year&#8217;s spending, a few are doing what hedge fund manager Ken Nickerson of the Eos Foundation calls &quot;counter-cyclical giving.&quot; They&#8217;re increasing their grants.<\/p>\n<p>Nickerson heard a story last October that helped him decide how to steer his family foundation through this severe recession: A gentleman visiting a local food pantry offered $5 for his groceries. Even after a pantry worker assured him they were free, the man insisted on paying. &quot;There are people out there who need this $5 more than me,&quot; he said. The worker then laid his own $5 on the counter. Others did the same, and within moments the food pantry had collected $50.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.boston.com\/news\/local\/massachusetts\/articles\/2009\/02\/16\/downturn_spurs_some_foundations_to_give_more\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe &#8211; At a time when most foundations are cutting back or maintaining last year&#8217;s spending, a few are doing what hedge fund manager Ken Nickerson of the Eos Foundation calls &quot;counter-cyclical giving.&quot; They&#8217;re increasing their grants. Nickerson heard [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4608,7491,1850,7493,7494,7492,7489,7490,536],"class_list":["post-9880","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-boston-globe","tag-family-foundation","tag-foundations","tag-gentleman","tag-grants","tag-groceries","tag-local-food-pantry","tag-nickerson","tag-recession"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9880"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9880\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}