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Black Tie International:
U.S. Foundation Giving Reaches an Estimated $54.7 Billion
 
US Foundations

U.S. Foundation Giving Reaches an Estimated $54.7 Billion

in 2013 Record-High Level of Giving Continues to Grow

Just Ahead of Inflation

 
New York, NY - November 5, 2014. According to the new edition of

 Foundation Center's
 
Key Facts on U.S. Foundations, the country's

 86,192 foundations held $715 billion in assets and distributed a

record $52 billion in 2012. This annual research study estimates

 2013 giving at $54.7 billion and the outlook for 2014 is for growth

 to continue ahead of inflation, with independent and family

 foundations growing at a higher rate than other types

of foundations.
"Giving by the nation's foundations has surpassed previous record

levels," said Steven Lawrence, Foundation Center's director of

research and author of the report. "While some endowments are

 still recovering from the Great Recession, strong stock market

 performance has boosted the assets of many and will undoubtedly

 encourage more individuals to create foundations."
Among the key findings in the report:
  • In 2012, New York State led the nation in overall foundation

    giving ($8.7 billion).
     
  • California organizations ranked first in the amount of grant

    dollars received from the largest U.S. foundations ($2.4 billion).
  • The Switzerland-based World Health Organization was the top

     recipient of international grant dollars in 2012.
Foundation Center is the leading source of information about

 philanthropy worldwide, meeting the need for information on

trends in the field and informing decision making at social sector

 organizations. Key Facts on U.S. Foundations is the primary

 publication documenting the overall size of the U.S. foundation

 community and providing perspective on the giving priorities of the

 nation's largest foundations.
The comprehensive data set used for the analysis in Key Facts on

U.S. Foundations
 is available for deeper exploration at
 
Foundation

Stats
, an online tool that allows anyone to generate thousands of

custom tables and charts on the size, scope, and giving priorities

of U.S. foundations.
About Foundation Center

Established in 1956, Foundation Center is the leading source of

information about philanthropy worldwide. Through data, analysis,

and training, it connects people who want to change the world to

the resources they need to succeed. Foundation Center maintains

the most comprehensive database on U.S. and, increasingly, global

grantmakers and their grants a robust, accessible knowledge bank

for the sector. It also operates research, education, and training

programs designed to advance knowledge of philanthropy at every

level. Thousands of people visit Foundation Center's website each

day and are served in its five regional library/learning centers and

its network of more than 470 funding information centers located

in public libraries, community foundations, and educational

nstitutions nationwide and around the world.
For more information, please visit www.foundationcenter.org   

or call (212) 620-4230.
 

 

joyce brooks, gerard mckeon.  photo by:  rose billings

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