“It may not be the boom years of the late 1990s or mid-2000s, but the good news is that it looks like U.S. foundations will continue to provide a stable source of support for new ideas and ongoing programs that improve lives around the world,” Steven Lawrence, the center’s director of research and author of the report, said in a statement.
U.S. foundations comprise independents, generally set up by individual donors or donor families; those that run their own programs and may also make grants; corporates; and community groups that raise funds from the public.
Among the report’s key findings:
- Health and education accounted for 28% and 20%, respectively, of all grant dollars given by the country’s largest foundations in 2011
- 35% of all grant dollars awarded were specifically intended to benefit the economically disadvantaged
- The median grant amount was $28,462
- Program support received 55% of grant dollars, followed by general support (29%) and capital support (21%).
- The Bill & Melinda Gates Foundation made the single biggest grant in 2011: $967 million over five years to the Global Alliance for Vaccines and Immunization.
Check out Private Foundation Assets Rebound From Recession on ThinkAdvisor.