
Criticizing foundations for burdening nonprofits with heavy reporting requirements, the head of the Chicago Community Trust said this week that it would award general operating grants to the city’s “anchor organizations.”
The new grants will range from $35,000 to $300,000, according to the trust.
“As foundations, we have been rightfully accused of creating too much administrative work that takes nonprofit resources away from their mission and establishing grant requirements that distort a nonprofit’s mission in order to satisfy funder priorities,” Terry Mazany, president of the Chicago Community Trust, said during the trust’s “State of the Community” event on Wednesday. “Some of the things we do actually undermine your ability to be successful.”
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