November 9, 2006
Small Foundations Awarded $2.6-Billion Last Year
Despite a flurry of donations spurred by Hurricane Katrina, giving remained essentially flat last year among foundations that operate with few or no paid staff members, says a new report. Nearly $2.6-billion was distributed to charity in 2005 by members of the Association of Small Foundations, in Washington, which compiled the report.
Giving isn't likely to increase much this year, and could decrease, says Tim Walter, the association's chief executive officer. He says foundation
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