Foundation Giving Expected to Grow Modestly

"Foundation Giving Posts 10 Percent Gain in 2007: Giving Expected To Grow Modestly in 2008"
The Foundation Center, Press Release
May 2, 2008

New York, NY -- May 2, 2008. The country's more than 72,000 grantmaking foundations increased their giving to $42.9 billion in 2007, according to Foundation Growth and Giving Estimates: Current Outlook (2008 Edition), released today by the Foundation Center. This estimated 10 percent gain followed a 7.1 percent increase in 2006.

Contributing to this rise was close to 12 percent growth in foundation assets in 2006 — the first double-digit gain in assets recorded since 1999. The establishment of new foundations, while occurring more slowly than in the late 1990s and early 2000s, also helped to raise the level of foundation giving. ... ©

Read the entire press release.

Read the highlights of Foundation Giving Trends, 2008 Edition

Read Philanthropy Annual: 2007 Review