Giving by the nation's more than 72,000 grantmaking foundations rose by an estimated 10 percent in 2007 to a record $42.9 billion. Adjusted for inflation, giving grew 6.9 percent. Despite worsening economic prospects in the latter half of the year, double-digit asset growth in 2006 -- resulting from strong stock market gains and a record level of new gifts into foundations -- and continued modest growth in the establishment of new foundations helped to raise the level of foundation giving. Also contributing to a higher overall level of foundation giving in recent years have been higher payout rates -- in part reflecting the establishment of foundations by "younger" donors who are not yet ready to fully endow them -- and the establishment of operating foundations by pharmaceutical manufacturers for the purpose of distributing medications to individuals in need.
Title: Foundations Today: Foundation Yearbook, 2008 edition (Highlights)
Publication date 2009-02-17
Publication Year 2009
North America / United States
, foundation center
, center foundation
Resource provided by IssueLab
Share the Collection
Use this form to customize and generate the code you need to display this content in your own environment - no programming required. The feed will inherit more specific styles, like font face and font color, from your website.
Suggest a Report
Please use the form below to provide us with your recommendation, and we'll check it out. Include your name and email address along with your suggestion just in case we need to get in touch. Thank you for contacting us.