New research released by the US-based Foundation Center shows that while American foundations’ assets decreased by an estimated 21.9% between 2007 and 2008, overall foundation giving has increased by an estimated 2.8%.
However, inflation-adjusted foundation giving in the US is expected to decline in 2009 due to the continuing effects of the global financial crisis. The Foundation Center believes that the effects on gtiving prompted by this decline in assets may be mitigated by current measures being taken by some foundations, including temporary increases in payout rates to combat the crisis.
Download the highlights paper from the Foundation Center’s website: http://foundationcenter.org/gainknowledge/research/pdf/fy2009_highlights.pdf.
Jul. 22, 2009
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