Foundation Center Releases 2010 Growth and Giving Estimates
(6-2-10) The Foundation Center has released the 2010 edition of its annual Foundation Growth and Giving Estimates, which presents findings based on actual 2008 giving and assets tracked by the Center for the approximately 75,000 U.S. foundations. The survey also includes giving projections for 2009 through 2011. (2010 giving is estimated to remain flat.) From the press release: "The recent economic crisis caused the nation's...foundations to cut their 2009 giving by an estimated 8.4 percent—by far the largest decline ever tracked by the Foundation Center." This drop is less than half the 17 percent loss of the previous year, however, and the report addresses foundation practices that helped moderate the decline, such as asset-averaging and reductions in operating costs.
Read more and download the report here.