April 22, 1999
Foundation Giving Rose 22% in a Year, Report Says
Giving by the nation's grant makers grew by 22 per cent from 1997 to 1998, according to a new study by the Foundation Center.
In 1998, grant makers gave an estimated $19.46-billion to non-profit organizations, up from nearly $15.98-billion the previous year, according to the center, which is located in New York. The 1997 total represents a 16-per-cent increase over 1996 giving, which was $13.81-billion.
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