April 9, 2009
Decline in Giving Expected to Follow Drop of $150-Billion in Foundation Assets in 2008
The nation's grant makers lost $150-billion in assets last year, a figure comparable to their total giving over the last four years, according to a study released last week.
The report, by the Foundation Center, in New York, examined giving by private, corporate, and community foundations. Total giving by those grant makers increased 2.8 percent from 2007 to 2008, the report said. However, when the nation's largest foundation, the Bill & Melinda Gates Foundation, in Seattle, was
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