Among a public frequently exposed to big-dollar grant announcements, foundations
are sometimes thought to be the most important source of philanthropic support.
Grantmakers gave $44.4 billion in 2007. But foundations are by no means the
only, or even the most important source of support for the nonprofit sector.
- According to Giving USA, gifts from living individuals and from bequests accounted for the vast majority of giving—$258.4 billion or just over 82 percent in 2007.
- Foundations and corporations contributed 18 percent or $55 billion.
- Excluding the amount individuals donate to their churches or temples—which constitutes over one-third of all private giving—the share from foundations and corporations jumps to about one-fifth.
- Between 1975 and 2007, growth in giving by independent and community foundations far outpaced increases from other sources. Non-corporate foundation's share of all private giving grew from 5.8 percent in 1975 to 12.8 percent in 2007.
- Unlike individuals and corporate direct giving programs, most foundations have charitable endowments. Thus, their giving is more stable when the economy slumps.
- Private giving, including foundation support, varies greatly by recipient organization type. Private giving accounts for 42 percent of revenue in the arts compared with 3 percent in health.
Foundations continue to represent a very modest proportion of the revenue of the nonprofit sector. Still, compared with other giving sources, their importance has increased for many nonprofits.
View chart on the Distribution of Private Giving, 2007 (PDF)
