Use of a Line of Credit by a Private Foundation
Author: Robert L. Waldman.
Source: Volume 10, Number 01, November/December 2010 , pp.1-4(4)
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Abstract:
Dramatic fluctuations in the stock market over the past few years have created numerous problems for charitable foundations, often resulting in reductions in both operating and program budgets. Grant-making foundations may find themselves facing difficulties in meeting their outstanding grant obligations.Keywords:
Affiliations:
1: Venable.