Grant Making Isn't the Only WayGrant Making Isn't the Only Way
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
August 1, 2010
Jeffrey D. Haskell & Page Snow
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 downturn.1 It also suggests that PFs remain extremely popular as vehicles for charitable giving, particularly smaller PFs that are governed by individuals or families. (See “Foundation Giving 2008-2009,” p. 36.)
There are many r...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?
