foundations recession

Have Foundations Recovered From the Great Recession?

The answer seems straightforward. According to a preview of the forthcoming edition of Key Facts on U.S. Foundations, estimated foundation giving reached nearly $55 billion last year, a record. That was close to $8 billion more than in 2008 — the peak year for foundation giving before the economic downturn. Even after adjusting for inflation, the country’s independent, corporate, community, and operating foundations gave $3.5 billion more in 2013 than they did in 2008. All good, right? Read full article.