Community Foundation Giving Increased 6.7 Percent in 2008 Despite Economy,
Even in the face of a worsening economy, the nation’s 717 community foundations raised their giving by an estimated 6.7 percent in 2008 to a record $4.6 billion, according to Key Facts on Community Foundations, a new report from the Foundation Center. The amount given by community foundations also surpassed corporate foundation funding for the first time on record.
While community foundations have benefited in recent years from strong increases in the value of their existing assets and from new gifts and donor bequests, undoubtedly they will be forced to reduce giving in 2009, along with independent and corporate foundations. Close to three-fourths of the community foundations responding to the Center’s annual forecasting survey said that they expect to decrease their giving this year. Full Report via Foundation Center
Haase - "I am always amazed that in the hardest of times the great people who step up when it hurts...."