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Led by Independent and Family Foundations - America enters a Golden Age of Philanthropy |
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The Foundation Center, stating that the United States is experiencing a new “golden age of philanthropy,” reported an increase of 11.7% in giving by the nation’s 71,000 foundations, to $40.7 billion in 2006. This is the second year of double digit percentage gains, with 2005 reporting a 14.3% increase. The last time America witnessed similar growth in giving was the period of 1996 to 2001. 2007 expects similar growth.
Key Facts· Independent and family foundations account for nine out of ten foundations, with these foundations outpacing corporate foundation increases 10.3% v. 6%.·Community foundations showed the fastest growth at 13.2%·Nearly 60% of foundations expect that their giving will increase in 2007. “The foundation community is both larger and more diverse than was true in the past,” said Sarah Englehart, president of the Foundation Center. “Neither stock market performance, a single wealthy donor, nor one type of foundation alone drive current trends.” 
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Articles 
High Net Worth Advisor Insights Newsletter April 2008
