February 26, 2009
Grant Making by Big Foundations Rose in 2007 Despite Worrisome Economic Signs
The nation's largest foundations distributed 13.2 percent more in 2007 than they did in 2006, reaching $21.6-billion, according to a new survey by the Foundation Center.
The increase came despite signs, particularly in the latter half of the year, that the economy was in a downturn, says the report on the survey.
Grants to environmental and animal-welfare causes grew the most, rising 28.5 percent over 2006 figures.
Grant makers also increased spending in human services
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
