Giving by Community Foundations Reached $3.6 Billion in 2006, Report Finds
Giving by Community Foundations Reached $3.6 Billion in 2006, Report Finds
Giving by the nation's 707 community foundations increased to an estimated $3.6 billion in 2006, a new report from the New York City-based Foundation Center finds.
According to Key Facts on Community Foundations (4 pages, PDF), community foundations' estimated giving in 2006 rose 13.2 percent, surpassing the rate of increase for independent and corporate foundations. The community foundations in the grants sample gave proportionately more in 2005 for human services, the arts, and religion than did independent and corporate foundations, and 60 percent of the foundations surveyed expected to increase their giving during 2007.
The report also noted that community foundations received a record $5.6 billion in gifts in 2005, a 45 percent increase from the prior year. "Community foundations continue to be an attractive option for many donors," said Steven Lawrence, senior director of research at the Foundation Center, "especially those wanting to avoid the expense and time commitment associated with maintaining a private foundation."
“Giving by Community Foundations Rises to a Record $3.6 Billion.”
Foundation Center Press Release
9/11/07.
Primary Subject: Philanthropy and Voluntarism
Location(s): National, New York, New York City
FC010931
| 
print
e-mail
