January 26, 2006
After Katrina: What Foundations Should Do
America's private and corporate foundations have given at least $130-million to nonprofit efforts to help the Gulf Coast region recover from Hurricanes Katrina and Rita, according to Indiana University's Center on Philanthropy and the Foundation Center.
That is small-potato giving for America's foundations, which collectively have $500-billion in assets. Grant makers have contributed far less than 1 percent of their wealth for disaster relief and recovery efforts.
Only four
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