COMMUNITY FOUNDATIONS FARE RELATIVELY WELL DURING RECESSION
Submitted by Tommer on June 1, 2009
Community foundations increased their giving in 2008, bucking the belt tightening that swept nearly all quarters of the philanthropic world, according to a new report by the Foundation Center.
More than 700 community foundations gave $4.6-billion last year, a 2.7 percent increase when adjusted for inflation. The increase outpaced the rate of growth reported by independent and corporate foundations and, for the first time on record, community foundations gave more money than corporate grant makers, the report said.
Download the full report here