State's Largest Foundations Still Gaining Assets

by Gwen Moritz  on Monday, Jul. 2, 2007 12:00 am  

The Association of Fundraising Professionals said 2006 was the strongest fundraising year since it started its survey in 2001, with 69 percent of all organizations raising more money in 2006 than in 2005, a record.

Giving from individuals, which continued to account for an overwhelming majority of all contributions (75.6 percent), increased by 4.4 percent to reach an estimated $222.89 billion. The next-biggest source of contributions was foundations, which granted $36.40 billion, an increase of 12.6 percent from 2005 and represented 12.4 percent of total giving in 2006.

Charitable bequests fell by 2.1 percent from the revised 2005 figure of $23.4 billion to $22.91 billion in 2006.

Corporate giving actually fell by 7.6 percent to $12.72 billion, or 4.3 percent of the total. The decline is blamed on the increased giving by corporations in 2005 for disaster relief.

If 2005 corporate disaster gifts had been excluded, corporate giving would have increased by 1.5 percent in 2006.

 

Nonprofits on the Web
Donors can learn more about nonprofits and how they rate by logging onto the Web sites of various charity watchdog groups. The top sites include the American Institute of Philanthropy's www.charitywatch.org, the Better Business Bureau's Wise Giving Alliance site ( www.give.org), Charity Navigator ( http://www.charitynavigator.org ) and Guide Star ( www.guidestar.org ).

 

 

 

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