Weathering the Economy (click here for PDF version)

As the nation enters the fourth straight year of a downturn in the market, it is important to remain sensitive to and informed of the circumstances of each foundation and corporation.

For example, certain foundations such as The David and Lucile Packard Foundation consolidated their Science and Conservation programs this year. The Henry Luce Foundation reduced gifts for most program areas. Both foundations are heavily invested in their respective founders’ corporation and cannot divest of the stock despite the difficult economic times.

In addressing the budget cuts in education, Sun Microsystems is offering a program geared to the research community. If you are working with a faculty member that is in the process of applying for or has received a research grant from a government agency, they may be eligible for program participation. This opportunity could make it much easier for the UCLA research community to maximize their grants.

Some foundations are receiving an overwhelming number of proposals resulting in a delay in the funding process. For example, a recent January submission to a Los Angeles-based foundation will not be considered until the December 2003 board meeting. Therefore, it is important to plan strategically with faculty members and encourage them to remain as flexible as possible.

For additional foundation news and guidelines, please visit the individual foundation websites:

http://www.packard.org/
http://www.hluce.org/
http://www.sun.com/edu/promotions/researchgrant/

UCLA Office of Corporate, Foundation and Research Relations
10920 Wilshire Boulevard, Suite 1400
Los Angeles, California 90024-6502