10 Richest Foundations Are Still Recovering From Recession

Foundation endowments and grantmaking took big hit during the downturn

The Bill & Melinda Gates Foundation is the nation's largest. (Photo: AP) The Bill & Melinda Gates Foundation is the nation's largest. (Photo: AP)

The 10 wealthiest foundations in the U.S. are now worth $110 billion, but are still $20 billion below their value in 2007 when inflation is taken into account.

The Chronicle of Philanthropy’s recently released annual report on the nation’s largest foundations found that money going to nonprofits has been in decline ever since the recession took hold.

For 66 foundations that provided seven years of data (out of 195 surveyed), 2013 assets were still 16.6% below the total $223.7 billion reported in 2007, and their grantmaking last year was 6.5% lower.

Only one foundation among the top 10 increased giving from 2007 to 2013, The Chronicle survey showed.

Keep reading for a look at how the biggest organizations have fared since 2007. All asset figures are for fiscal 2013, and have been adjusted for inflation.

10. Andrew W. Mellon Foundation

Assets in 2013: $5.9 billion

Changes in assets 2007–2013: -20%

Changes in grants paid 2007–2013: -20%

 

9. John D. and Catherine T. MacArthur Foundation

Assets in 2013: $6 billion

Changes in assets 2007–2013: -25%

Changes in grants paid 2007–2013: -17%

 

 8. Gordon and Betty Moore Foundation

Assets in 2013: $6.2 billion

Changes in assets 2007–2013: -14%

Changes in grants paid 2007–2013: -16%

 

7. David and Lucile Packard Foundation

Assets in 2013: $6.7 billion

Changes in assets 2007–2013: -10%

Changes in grants paid 2007–2013: -15%

6. Lilly Endowment*

Assets in 2013: $6.9 billion

Changes in assets 2007–2013: -20%

Changes in grants paid 2007–2013: Foundation did not report grants paid information for fiscal year 2013.

5. W.K. Kellogg Foundation

Assets in 2013: $8.2 billion

Changes in assets 2007–2013: -14%

Changes in grants paid 2007–2013: -65%


4. William and Flora Hewlett Foundation

Assets in 2013: $8.3 billion

Changes in assets 2007–2013: -25%

Changes in grants paid 2007–2013: -50%

 

3. Robert Wood Johnson Foundation

Assets in 2013: $10 billion

Changes in assets 2007–2013: -17%

Changes in grants paid 2007–2013: -9%


2. Ford Foundation

Assets in 2013: $11.7 billion

Changes in assets 2007–2013: -25%

Changes in grants paid 2007–2013: -15%

 

1. Bill & Melinda Gates Foundation

Assets in 2013: $40.5 billion

Changes in assets 2007–2013: -7%

Changes in grants paid 2007–2013: 46%

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