The surveys reveal a relatively split foundation community on whether a recession means that foundations should hunker down on existing missions or rethink purpose. A debate in a Council on Foundations newsletter between Karl Stauber of the Danville Regional Foundation and Emmett Carson of the Silicon Valley Community Foundation summarized the merits and liabilities of revising foundation mission during a down period. Stauber argued for continuity and suggested that foundations “must have the courage and will to balance the short-term charity needs with the long-term philanthropic opportunities.” Carson, on the other hand, argued for change, saying, “Each foundation has an obligation to consider whether, and how, to respond to this crisis.”

Both Stauber and Carson lead community foundations whose discretionary grant pools may have more room to consider these questions than at private foundations whose restrictions are tied to their endowments.

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