Key Facts on Corporate Foundations (2009 Edition)
Source: Foundation Center
Charitable giving by the nation’s nearly 2,500 corporate foundations remained virtually unchanged in 2008, according to the Foundation Center’s Key Facts on Corporate Foundations, an annual report on corporate foundation giving released today. Giving totaled an estimated $4.4 billion last year.
Corporate foundation giving will most certainly decline in 2009, with the banking and finance industries accounting for about one-quarter of corporate foundation support in recent years and corporate earnings down across the board. Slightly more than half (51 percent) of corporate foundations responding to the Center’s annual forecasting survey said they expect to reduce their giving this year, with three-quarters of these funders anticipating decreases of more than 10 percent.
Showing posts with label Foundations. Show all posts
Showing posts with label Foundations. Show all posts
Tuesday, May 12, 2009
Monday, May 5, 2008
Foundation Growth and Giving Estimates: Current Outlook
Direct to Full Text Report
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.
Key estimates reported include:
Independent and family foundations - which represent almost nine out of 10 foundations - raised their giving by 12.7 percent in 2007, up from an increase of 9 percent in 2006.
Corporate foundation giving rose 6.6 percent in 2007, following a modest 2.6 percent increase in 2006.
Community foundations raised their giving by 13.9 percent in 2007, up from 11.8 percent growth in 2006 - the fourth consecutive year of double-digit increases.
Although the current economic downturn makes projections difficult, findings from the Foundation Center’s 2008 “Foundation Giving Forecast Survey” suggest that prospects for growth in giving this year remain modestly positive. Just over half of the survey’s respondents expect to increase their giving in 2008, with the biggest foundations being most likely to expect increased giving. An estimated 9 percent rise in foundation assets in 2007 to a record $670 billion also points to foundations continuing to show positive, albeit more modest, growth in giving in the current year.
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.
Key estimates reported include:
Independent and family foundations - which represent almost nine out of 10 foundations - raised their giving by 12.7 percent in 2007, up from an increase of 9 percent in 2006.
Corporate foundation giving rose 6.6 percent in 2007, following a modest 2.6 percent increase in 2006.
Community foundations raised their giving by 13.9 percent in 2007, up from 11.8 percent growth in 2006 - the fourth consecutive year of double-digit increases.
Although the current economic downturn makes projections difficult, findings from the Foundation Center’s 2008 “Foundation Giving Forecast Survey” suggest that prospects for growth in giving this year remain modestly positive. Just over half of the survey’s respondents expect to increase their giving in 2008, with the biggest foundations being most likely to expect increased giving. An estimated 9 percent rise in foundation assets in 2007 to a record $670 billion also points to foundations continuing to show positive, albeit more modest, growth in giving in the current year.
Wednesday, May 16, 2007
Key Facts on Corporate Foundations
Key Facts on Corporate Foundations
7 pages; PDF.
Among the key findings:
*Corporate foundations accounted for 11% of all foundation giving, but that figure nearly doubles to more than 20% when combined with giving by corporate operating foundations.
* Close to three-fifths of corporate foundations surveyed expect to increase giving in 2007, surpassing the share that anticipated higher levels of giving last year.
* Among funding priorities, corporate foundations targeted a total of nearly half of their giving to education (25%) and public affairs/social benefit (22%), including support for community development, federated funds and other philanthropy, public affairs, and civil rights.
Source: Foundation Center
7 pages; PDF.
Among the key findings:
*Corporate foundations accounted for 11% of all foundation giving, but that figure nearly doubles to more than 20% when combined with giving by corporate operating foundations.
* Close to three-fifths of corporate foundations surveyed expect to increase giving in 2007, surpassing the share that anticipated higher levels of giving last year.
* Among funding priorities, corporate foundations targeted a total of nearly half of their giving to education (25%) and public affairs/social benefit (22%), including support for community development, federated funds and other philanthropy, public affairs, and civil rights.
Source: Foundation Center
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