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From Ascribe Newsfeed:
Community Foundations Account for Nearly 10 Percent of Giving by U.S. Foundations
Estimated giving by the nation's 700 community foundations rose to a record $3.2 billion in 2005, according to the Foundation Center's new report, "Key Facts on Community Foundations."
The report is the first ever to exclusively highlight the Center's most current research on the size, scope, and giving interests of this segment of the nation's grantmaking foundations.
- The community foundations in the Center's grants sample gave proportionately more for human services and the arts than did independent and corporate foundations in 2004.
"In recent years, community foundations have experienced robust growth in existing assets and a continued infusion of new gifts," noted Josie Atienza, the report's author.
"In uncertain times, they are an especially appealing option for donors.
They spare donors from having to be engaged in the day-to-day management of investments, while allowing them to remain involved in grantmaking decisions."
The report can be downloaded at no charge from the Gain Knowledge area of the Foundation Center's web site (www.foundationcenter.org/gainknowledge/research/nationaltrends.html).
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Posted on September 19, 2006 08:24 PM
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