January 22, 2004
Assets of Small-Foundation Group Drop 5%
Members of the Association of Small Foundations lost an average of nearly 5 percent of their assets in 2002 but disbursed an average of 9.4 percent in grants that year, a new survey has found.
The association, in Bethesda, Md., compiled responses on giving and management from 1,137 foundations, about 40 percent of its membership. Member foundations range in size from $100,000 in assets to approximately $750-million, and all have no more than a handful of staff
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