The Chronicle of Philanthropy

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...

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