SBD/Issue 200/Leagues & Governing Bodies

Women's Sports Foundation Upbeat Despite Loss Of Revenue, Staff

Olson Expects WSF To
Raise $5-6M This Year

The Women's Sports Foundation "has cut more than half of its staff in a time of dwindling revenue," according to Erik Brady of USA TODAY. The foundation last year received about $4M in contributions and grants, down from about $8M in '08 and about $16M in '07. WSF CEO Kathryn Olson "expects the foundation to raise" between $5-6M in '10. Former CEO Karen Durkin last fall said that the "number of WSF full-time-equivalent employees had dropped from 74 to 28 in about nine months." She called it "right-sizing." Olson, who succeeded Durkin on April 1, said that the "number of employees remained 'in the range of 25 to 28' and she did not anticipate further cuts." Olson, who has experience working for Shutterfly, Wrigley and Quaker Oats, "hopes to use her corporate background to raise more money." She said that the WSF has already secured a $1M grant from "another foundation this year, with details to be announced soon." Olson also said that a "leaner WSF plans to announce a new vision this summer, including plans for an enhanced website and digital platform" (USA TODAY, 6/30).

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug