An annual survey shows grants rose 14.7% last year, but a simultaneous decline in investment values could affect future gifts
A strong stock market performance in 2021 fueled a rise in giving by private foundations last year, but the rockier year that followed could lead to fewer gifts in the future, according to an annual survey from Foundation Source, a Connecticut-based company.
This relatively strong showing could change as the foundations surveyed also reported a 14.5% drop in net assets and a year-over-year drop in net asset value of 31.5% last year. The 5% payout requirement is based on an organization’s average investment assets from the previous year. Among the foundations surveyed, 73.2% had assets between US$1 million and US$10 million, 20.5% had assets between US$10 million and US$50 million, while 6.3% had assets of US$50 million or more.
The second largest category—so-called public and societal benefit groups—captured 19.5% of grants in 2022, up 2% from a year earlier. These nonprofits are involved in a variety of causes, including civil rights, social action and advocacy, community capacity building, and science and technology.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Uniswap Foundation targets $62M in additional fundingThe DEX previously budgeted $74 million for this initiative.
Baca lebih lajut »
Lane Bryant partners with Breast Cancer Research FoundationLane Bryant and the Breast Cancer Research Foundation are teaming up to raise money and awareness for the disease.
Baca lebih lajut »
San Diego Foundation grants City College $200,000 for Nursing, Cybersecurity'Workforce development is key to building a resilient region that supports the prosperity of employees, businesses and local communities,' foundation VP Pamela Gray Payton said in a statement.
Baca lebih lajut »
Foundation Cast & Character Guide: Where Else To See The Stars Of The AppleTV+ Sci-FiA remarkable cast.
Baca lebih lajut »
Netflix and The Handy Foundation Launch Assistant Editor and Production Coordinator Training Program (EXCLUSIVE)Netflix has partnered with the Handy Foundation on a program focused on representation among assistant editors and production coordinators.
Baca lebih lajut »
EOS Foundation Taps Upland and Aerial to Foster Climate Positive Blockchain InitiativeThe foundation aims to inspire other networks to implement climate positive strategies, thereby creating a sustainable digital economy.
Baca lebih lajut »