Foundation Center Report Shows Increase in Giving by Georgia Foundations
Vice President for Communications
The Foundation Center
Director, Atlanta Office
The Foundation Center
New York, NY -- September 25, 2007. Grantmaking by Georgia foundations rose by 15.2 percent in five years to $718 million dollars in 2005, the most recent year data is available. According to a new report, Key Facts on Georgia Foundations, released today by the Foundation Center, the number of Georgia foundations and the dollar amount of gifts they received also increased significantly.
"The Georgia foundation community stepped up to the plate during the volatile economy from 2000 to 2005. Despite losing assets, Georgia grantmakers increased their funding significantly during that time," said the report's author, Pattie Johnson, director of the Foundation Center's regional center in Atlanta.
Among the major findings detailed in the report, based on the period from 2000 to 2005:
- Georgia foundations gave more than $718 million in 2005
- Grantmaking by Georgia foundations rose by 15.2 percent
- Assets of Georgia foundations total $9.9 billion, a slight decline of 0.7 percent from assets held in 2000
- The amount of gifts received by Georgia foundations rose by 98.3 percent
- The number of foundations in Georgia increased by 17.7 percent
- Most Georgia foundations, 54 percent, give smaller grants of less than $50,000
- Education, especially higher education, remained the top funding priority of Georgia foundations, as was the case nationally in 2005
- Capital projects, especially for building and renovation, received 47 percent of grant dollars
To coincide with the publication of Key Facts on Georgia Foundations, the Foundation Center is releasing its new Guide to Georgia Grantmakers on CD-ROM, a database that allows users to search comprehensive descriptions of Georgia grantmakers and other funders who award grants to nonprofit organizations in Georgia.
Key Facts on Georgia Foundations can be downloaded at no charge from the Gain Knowledge area of the Foundation Center's web site. The Guide to Georgia Grantmakers on CD-ROM can be used free of charge at the Foundation Center's Atlanta Library/Learning Center or can be purchased at the Foundation Center's online Marketplace.
About the Foundation Center
Established in 1956, and today supported by more than 600 foundations, the Foundation Center is the nation's leading authority on philanthropy, connecting nonprofits and the grantmakers supporting them to tools they can use and information they can trust. The Center maintains the most comprehensive database on U.S. grantmakers and their grants -- a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance philanthropy at every level. The Center's web site receives more than 47,000 visits each day, and thousands of people gain access to free resources in its five regional library/learning centers and its national network of more than 340 Cooperating Collections. For more information, please visit foundationcenter.org or call (212) 620-4230.