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Black Tie
International:
U.S. Foundation Giving Reaches
an Estimated $54.7 Billion
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U.S. Foundation Giving Reaches an Estimated $54.7 Billion
in 2013 Record-High Level of Giving Continues to Grow
Just Ahead of Inflation
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New York, NY - November 5, 2014. According
to the new edition of
Foundation Center's Key
Facts on U.S. Foundations,
the country's
86,192 foundations held $715 billion in assets and distributed a
record $52 billion in 2012. This annual research study
estimates
2013 giving at $54.7 billion and the outlook for 2014 is for growth
to continue ahead of inflation, with independent and family
foundations growing at a higher rate than other types
of foundations. |
"Giving by the nation's foundations has
surpassed previous record
levels," said Steven Lawrence, Foundation Center's director
of
research and author of the report. "While some endowments
are
still recovering from the Great Recession, strong stock market
performance has boosted the assets of many and will undoubtedly
encourage more individuals to create foundations." |
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Among the key findings in the report: |
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In 2012, New York State led the nation in
overall foundation
giving ($8.7 billion).
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California organizations ranked first in
the amount of grant
dollars received from the largest U.S. foundations ($2.4
billion).
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The Switzerland-based World Health
Organization was the top
recipient of international grant dollars in 2012.
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Foundation Center is the leading source of
information about
philanthropy worldwide, meeting the need for information on
trends in the field and informing decision making at social
sector
organizations. Key Facts on
U.S. Foundations is
the primary
publication documenting the overall size of the U.S. foundation
community and providing perspective on the giving priorities of the
nation's largest foundations. |
The comprehensive data set used for the analysis in Key
Facts on
U.S. Foundations is
available for deeper exploration at Foundation
Stats,
an online tool that allows anyone to generate thousands of
custom tables and charts on the size, scope, and giving priorities
of U.S. foundations. |
About Foundation Center
Established in 1956, Foundation Center is the leading source
of
information about philanthropy worldwide. Through data, analysis,
and training, it connects people who want to change the world to
the resources they need to succeed. Foundation Center
maintains
the most comprehensive database on U.S. and, increasingly, global
grantmakers and their grants a robust, accessible knowledge
bank
for the sector. It also operates research, education, and training
programs designed to advance knowledge of philanthropy at every
level. Thousands of people visit Foundation Center's website each
day and are served in its five regional library/learning centers and
its network of more than 470 funding information centers located
in public libraries, community foundations, and educational
nstitutions nationwide and around the world. |
For more information, please visit www.foundationcenter.org
or
call (212) 620-4230. |
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