Giving by U.S. Foundations grew to a record $52 billion in 2012 and is projected to reach $54.7 billion for 2013, a report from Foundation Center finds.
According to the 2014 edition of Key Facts on U.S. Foundations (8 pages, PDF), the nation’s 86,192 private and community foundations held $715 billion in total assets in 2012. The report projects that foundation giving in 2014 will continue to grow on an inflation-adjusted basis, with giving by independent and family foundations increasing at a higher rate than giving by other types of foundations.