Thursday, January 7, 2010

Kellogg Foundation increases local giving

While most organizations and foundations have cut back their funding due to the severity of economic times, the Kellogg Foundation is approaching the depressed economy in a different way. With the economy in Battle Creek suffering, Kellogg has actually increased its rate of giving to local projects without subtracting its giving globally.

From the Battle Creek Enquirer:

"When you look at the economy and the tough times now that communities are having; to still meet the needs of vulnerable children and families -- we couldn't walk away from that," said Reggie LaGrand, director of greater Battle Creek programming.

The foundation's annual contributions to the area usually total about $8 million to $10 million, LaGrand said. But in the past two years it has given almost twice that amount because of a unique initiative to revitalize downtown Battle Creek.

The philanthropic organization gave slightly less than $16 million to its founder's hometown in the fiscal year ended Aug. 31, up from $15 million the previous year, according to its 2009 annual report.

The increase of about $8 million went to a downtown transformation project, which includes the creation of a National Center for Food Protection and an International Food Protection Training Institute, LaGrand said. The Kellogg Foundation has committed $35 million over five years for the project.

The other half of last year's funding went to programs promoting the health, education and economic security of vulnerable children, while promoting civic engagement and racial equity.
I wish more organizations would see the benefit of increased giving during times of struggle. Often do we see that when the financial loss is higher, there is less and less to give to those in need.

Read the full article:

http://www.battlecreekenquirer.com/article/20100107/NEWS01/1070316/1002/NEWS01/Kellogg-Foundation-increases-local-giving

No comments: