February 25, 1999

Foundations' Giving Surges

By DEBRA E. BLUM and MARINA DUNDJERSKI

Big funds distributed $7.7-billion in '98; endowment growth slows

Giving by the nation's wealthiest grant makers soared last year, rising by 28 per cent over 1997 levels, a Chronicle survey has found. Among 122 foundations that provided figures to The Chronicle for both 1997 and 1998, total giving increased from about $4.86-billion to $6.24-billion.

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