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, Vice 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.