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A Sharp Rise in Grants to Charities
8.1% increase by foundations follows a two-year decline
By Caroline Preston
Foundation giving increased by 8.1 percent in 2004 following a two-year decline, according to a new study by the Foundation Center, in New York. Grant dollars awarded by the 1,172 foundations surveyed rose to $15.5-billion.
The average grant size increased from $118,649 to $122,355, although...