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August 06, 2013 at 01:18 PM
Community foundation asset, gift and grant amounts reached new highs in 2012 for the first time since the recession, according to a report released Tuesday by the Council on Foundations and CF Insights.
Researchers collected data from 276 organizations, including those representing more than 90% of total estimated community foundation assets.
The study found that the community foundation sector represents $58 billion in assets, $6.9 billion in gifts and $4.5 billion in grants. Seventy-nine percent of community foundations had 2012 asset levels that exceeded those of 2007.
Between 2011 and 2012, assets experienced average growth of 9%, gifts 15% and grants 6%.
Seventy-five percent of community foundations increased their operating budget in 2012.
