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Black Tie International: Featured Foundations
The Center on Philanthropy &
Public Policy at
The USC School of Policy, Planning & Development |
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Young Foundations Play a Significant Role in
Foundation Philanthropy in Los Angeles County
New Report From The Center on Philanthropy and
Public Policy Shows More Than Two-Thirds of
Region's Foundations Created in
Last Two Decades |
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Los Angeles, CA —The
Center on Philanthropy and Public Policy at the
USC School of Policy, Planning, and Development
has just released its latest report on the state of
foundation philanthropy in Los Angeles. This report,
an update of the Center’s 2002 benchmark study,
provides an important portrait of the scale of Los
Angeles foundations and the scope and reach of
foundation philanthropy to the region’s nonprofits
in 2007 as well as a look at the changes that
unfolded over the previous five years.
“This 2007 study will become the benchmark for
evaluating the impact of this severe recession on
foundations and their philanthropy in Los Angeles,”
says
James M. Ferris,
director of The Center on Philanthropy and Public
Policy and the author of the study. “It covers the
scale and structure of Los Angeles foundations, and
the scope and reach of foundation philanthropy to
the region’s nonprofits.”
While the size and number of foundations in Los
Angeles are substantial and growing, these
foundations remain relatively youthful, according to
the study. During the period 2002-2007, the number
of foundations in Los Angeles increased by 16
percent. Assets doubled and giving to the region’s
non-profits increased almost two-thirds.
In addition, foundations created in the last two
decades account for more than two-thirds of the
region’s foundations. The creation of new
foundations that Los Angeles saw in the 1990s
continues today.
The report,
Foundations for Los
Angeles, 2007, raises important question
about whether these young foundations will follow
donor patterns in earlier decades, with the legacy
of endowed foundations, or whether there is a new
tendency in philanthropy for donors to give during
their lifetimes. This has important implications for
the pace of growth in the coming years and the
future of philanthropy in
Los Angeles.
Other research findings include:
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The giving and
assets of Los Angeles foundations are highly
concentrated among a few foundations, not unlike
foundations elsewhere;
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Foundation
philanthropy is highly concentrated, both in
terms of grant dollars and in terms of the
nonprofit organizations receiving them;
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Funding
priorities are education, arts and culture,
health, and human services;
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Los Angeles
foundations account for the majority of
foundation funding of the region’s nonprofits,
with priorities given to the needs of the
community;
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Los Angeles
foundations are committed to Los Angeles, but
not exclusively focused on the region;
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The
grantmaking patterns in terms of funding
priorities have been fairly stable over the last
five years;
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The reach of
foundation philanthropy across communities is
highly correlated with variations in the
nonprofit infrastructure.
“This report provides a comprehensive look at the
foundation community in Los Angeles as of 2007, and
the changes that have unfolded over the previous
five years,” says Ferris, Emery Evans Olson Chair in
Nonprofit Entrepreneurship and Public Policy in the
USC School of Policy, Planning, and Development.
Support for the research and publication of the
report was provided by The Ahmanson Foundation,
California Community Foundation, The California
Endowment, The California Wellness Foundation and
Weingart Foundation.
A resource for foundations, philanthropists, the
nonprofit community and researchers,
Foundations for Los
Angeles, 2007 is available on The Center for
Philanthropy and Public Policy Web site at
http://cppp.usc.edu/research/projects.html
About The Center on Philanthropy and Public Policy:
The Center on Philanthropy and Public Policy
promotes more effective philanthropy and strengthens
the nonprofit sector through research that informs
philanthropic decision making and public policy to
advance public problem solving. For more
information, please visit
www.usc.edu/philanthropy
or call (213) 740-9492.
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