April 7, 2000

Foundation Grants Increased by More Than 17% in 1999, Report Says

Giving by foundations is at a record high.

The country's grant-making foundations gave $22.8-billion to nonprofit organizations -- including colleges -- in 1999, a one-year increase of 17.2 percent, a new study shows.

Reversing recent trends, corporate foundations led the surge, making grants whose total value of $3-billion in 1999 had increased by 22.2 percent from 1998, a record rise, the Foundation Center reports.

The center attributes the

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