April 3, 2008

Giving by Family Foundations Jumps 21%, Study Finds

By Brennen Jensen

Giving by family foundations increased 21 percent in 2006 from 2005, reaching a total of $17-billion, says a report released last week by the Foundation Center, a New York research group.

Family foundations — independent foundations for which the donor or the donor's relatives have a measurable role in the management of the fund — accounted for nearly 60 percent of total 2006 giving by independent foundations, according to the report.

After adjusting for