Daniels Fund announces cuts but plans to keep funding in all focus areas

One of Colorado’s largest private charitable funds has announced that it will cut back on its grants and operating expenses next year and that it had already cut staff members.

Peter Droege, Vicdanielsfundlogoe President of Communications for the Daniels Fund, told JVA that the Daniels Fund—which gives in the areas of aging, amateur sports, alcoholism and substance abuse, disabilities, education, homeless and disadvantaged, and youth development—will shift its focus in each of the areas to helping people most in need and providing emergency services.

The foundation will be making every attempt to continue with Bill Daniel’s vision for the fund and continue making grants in all of the areas that he identified as priorities, Droege said.

In a press release, the fund’s CEO, Linda Childears, said the cuts are the result of the economic downturn, which she called “…significant and widespread.”

“Like everyone else, it cannot be business as usual for the Daniels Fund,” Childears said in the release.

The Daniels Fund expects to give $6.8 million less this year. Daniels Scholarships, given to graduating seniors attending two- and four-year colleges, will not be affected by these cuts.

Advertisements
This entry was posted in Economy and tagged , , , . Bookmark the permalink.

JVA welcomes your comments and feedback on all Nonprofit Street articles. While JVA will post all relevant comments, it will not post comments that are advertising products or services or those with obscenities. Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s