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Foundation Growth/Giving Estimates -- Current Outlook

May 27, 2008

From the center's Research Department....

"Foundation giving fared well in 2007, despite an increasingly uncertain economic climate in the latter half of the year. Giving by the nation's more than 72,000 grantmaking foundations increased by an estimated 10 percent, from $39 billion to a record $42.9 billion. The gain followed a single-digit rise in foundation giving in 2006. 

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"Contributing to this growth was an 11.6 percent increase in foundation assets in 2006 -- the first double-digit increase recorded since 1999. Overall, foundation assets rose from $550.6 billion to $614.7 billion. (Adjusted for inflation, assets increased 8.6 percent.) Strong stock market gains and a record $36.6 billion in new gifts propelled this growth. The establishment of new foundations, while occurring at a slower rate than in the late 1990s and early 2000s, also helped to raise the levels of foundation assets and giving.

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"Although the economic outlook has worsened in 2008, findings from the Foundation Center's "Foundation Giving Forecast Survey" suggest that foundation giving will continue to grow in the current year. Overall, more than half (54.3 percent) of respondents expect to increase their giving in 2008, with the biggest foundations -- those giving at least $10 million a year -- most likely to indicate increased giving (63.8 percent).

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To download the complete report (20 pages, 1.43mb, PDF), click here.

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