In Foundations

Micronews on philanthropy.

Foundation Giving Rose 13.2%: Report

According to the Chronicle of Philanthropy, writing on a new report by the Foundation Center:

Grant making in 2007 by more than 1,300 of the nation’s largest foundations rose 13.2 percent over the previous year, reaching $21.6-billion, according to a new survey by the Foundation Center.

This growth occurred despite signs, particularly in the latter half of the year, that presaged the current recession, says the report on the survey. . . .

The total number of grants awarded by the sampled foundations rose 7.1 percent, from 140,484 to 150,392.

More here and here.

Via @Philanthropy.

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Filed under: giving

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