April 19, 2007
Grant Makers Increased Giving by 8.2% Last Year, New Report Says
Grant makers in the United States awarded $40.7-billion in cash, corporate products, and other gifts last year, an increase of 8.2 percent from 2005 after inflation, according to new estimates released by the Foundation Center, a New York research group.
Community foundations increased the amount they contributed more than any other type of foundation, with the total amount given rising by 9.6 percent after inflation.
The report also found that nearly 60 percent of respondents
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