Giving Increased in 2010

March 14, 2011 at 7:27 PM Leave a comment

Reuters reports that amid the economic downturn, foundations upped their grants 20 percent last year:

Foundations worth up to $100 million boosted their giving to charitable causes by nearly 20 percent last year…The actual number of grants made in 2010 rose nearly 9 percent, after a 15 percent jump in 2009, found the analysis of the organizations, which gave more than $269 million in 2010.

Perhaps it’s not surprising that foundations increase their giving as need increases in difficult economic times. However, the increase wasn’t 0nly in social services and the like: Giving to the arts was up dramatically as well.

The amount of money given to arts and culture soared 67 percent in 2010 from 2009, Foundation Source said after analyzing more than 900 foundations for which it provides support services.

The report also notes that “foundations boosted the value of giving to public affairs/society benefit causes by a third.”


Entry filed under: Economic Issues.

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News about philanthropy and the charitable instinct


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