The Samueli Foundation, a private foundation in Corona del Mar, California, that works to promote scholastic, technical, and creative exploration and achievement; build a community of sharing, acceptance, and altruism; increase awareness, knowledge, and opportunities; and enhance the quality of life in underserved areas where the Samueli family has an interest and/or connection (including Orange County and Israel), has announced that it will not be accepting letters of inquiry or unsolicited proposals until further notice.
Here's an excerpt from the statement:
Like everyone, the Foundation has been impacted [by the challenging economic climate]. Fortunately, the Foundation remains strong, and committed to its mission. To do so though requires that the Foundation concentrate its resources with its current grantees and partners ensuring their stability. This year the Samueli Foundation distributed over $18 million in grants. Next year’s funding will be mostly comprised of already committee funding to nonprofits through approved capital grants and multi-year operating and program grants.
During the past three years, the Samueli Foundation has increased both the amount and the total number of grants awarded each year. Because of the substantial amount of grants already approved for next year, the strong desire to evaluate the effectiveness of the Foundation’s prior grant making, and a desire to reassess the state of the volatile economy, the Trustees have announced that the Foundation will not be reviewing Letters of Inquiry or unsolicited proposals until further notice....
Click here for the complete statement.
-- Mitch Nauffts
