Giving by the largest U.S. funders grew 8.1 percent in 2004, reversing a two-year decline, a new report says. Foundation Giving Trends: An Update on Funding Priorities released by the Foundation Center in New York, analyzed grant information from the 1,200 largest private and community foundations in the U.S.
More to the theme of this blog, international giving reached a new high of $2.8 billion in 2004, with most of those funds benefiting agencies based in the U.S. that work in international aid.
Inflation must be factored into this equation though, both from the standpoint of eroding assets and the value of foundation giving. While giving among foundations reached a record level of $33.6 billion, in inflation-adjusted terms, that was slightly less than the peak amount reported in 2001.
This noted increase in giving is also boosted in part by the presence of the Bill & Melinda Gates Foundation, which makes numerous large grants primarily in the area of health.
Children and youth received the largest share of funds among beneficiary groups, while gays, lesbians and AIDS sufferers saw the most growth in funding.
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