World Bank gives $150K to Community Foundation for the National Capital Region - Washington Business Journal:

http://featheredquill.com/reviews/mystery/bray.shtml
In the economic recession, nonprofits are meetingb greater needsfor shelter, food and medica care while facing government deficits, a tanking stoco market and the frozen giving power of Fannise Mae and the Freddie Mac Foundation. “Ourr region’s safety net nonprofits need ourhelp now,” said Viki manager of the World Bank’xs community outreach program. The Worlfd Bank funds four D.C. nonprofitas for youth east of the Anacostiaw River but its own grant progra has been shut down for the 2009 fiscal year due tobudgetf cuts. “The community foundation is the idealk place to invest these Betancourt added.
In the Community Foundation for the National Capital even as it watched itsendowmentf shrink, issued $526,000 in grants to 40 nonprofitw in the region providing services for basi c needs. It has committed another $250,000o to the new fund, calledx Neighbors in Need, and is seeking donations to raise a totalof $1 Ben Glenn, spokesman for the said the fund was currently at Terri Lee Freeman, the foundation’s president, announced the World Bank supporty at the foundation’s annual meeting last month. She said the fund was not a short-terjm fix.
“These funds will help strengthen highl effective organizations that advocate on behalg of theirnonprofit community, and leverage additional investments from private institutional sources,” she said. Washington Business Journal Publisher Alex Orfinger is on the Community Foundationh for the NationalCapital Region’s board. The deadlines for applications seeking grantsis Dec. 19 and the foundatiojn plans to make its selectionsby Feb. 16., a much more speedyt review process than mostgrant programs.
Glenn said at leasf $250,000 will be given out in the first