Despite the economic recession, private foundations (PFs) led by individual donors and by families continue to form, grow and increase their grant making — in one way or another. Indeed, a recent analysis of the giving patterns of 700 Foundation Source clients revealed a nearly 15 percent increase in the number and value of grants of less than $1 million made in 2009. This runs counter to trends among large institutional PFs that have decreased their giving in the face of the economic
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