April 24, 2014


Giving by family funders drops

0 comments

Family foundations, which account for three-fifths of grantmaking by independent foundations in the U.S., fell 4 percent in 2009, a new report says.

The nation's 38,701 family foundations awarded a total of $20.3 billion in 2009, down from the $21.1 billion awarded in 2008, says the report from the Foundation Center.

That's a sharp turnaround from 2008, when grantmaking by family foundations grew 14.4 percent.

While family foundations' assets grew 0.7 percent from 2008 to 2009 to reach $247.7 billion, gifts to family funders fell 9.5 percent, totaling $17.3 billion in 2009.

Larger family funders overwhelmingly preferred to support health and education over other areas, and were more likely to provide support for programs and general operations than for capital projects or research.

Grant dollars from large foundations also tended to be targeted to economically disadvantaged populations and to children and youth in 2009.

About three in 10 family foundations are fairly young, having been created in the 2000s, and almost half of funders awarded less than $50,000 in grants in 2009.



Comment on this article

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options


Popular Content

Webinar Archive

Did you miss a Philanthropy Journal webinar? You can purchase previously recorded PJ webinars online. Purchase webinar recording

Connect with PJ

Facebook  Twitter  
PJ Google+  PJ LinkedIn


Resource Directory

  • Carol O'Brien Associates
    Providing counsel in institutional advancement to colleges and universities, arts and cultural organizations, independent schools, research institutes, healthcare institutions, and more.
  • SofTrek Corporation
    PledgeMaker Fundraising Software and Donor Management Solutions

Our Home

North Carolina State University Institute for Nonprofits at N.C. State University

Our Partners