February 12, 2009
Grant Making by Family Funds Has More Than Doubled, Report Finds
Grant making by American family foundations totaled $18.5-billion in 2007, a 13-percent increase from the previous year.
Those foundations received nearly $24-billion in contributions in 2007, a 36-percent increase over the $18-billion that was added to their coffers in 2006, according to the Foundation Center, a research organization in New York.
A significant percentage of the money distributed by those foundations went to help the needy. The largest of them gave 30 percent
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