CSB
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Corporate Foundations Increase Giving – US Study


Thursday, 25th May 2006 at 1:05 pm
Staff Reporter
Giving by Corporate Foundations rebounded in 2005 according to a new US study.

Thursday, 25th May 2006
at 1:05 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Corporate Foundations Increase Giving – US Study
Thursday, 25th May 2006 at 1:05 pm

Giving by Corporate Foundations rebounded in 2005 according to a new US study.

Estimated giving by Corporate Foundations increased 5.8% in 2005 to a record $US3.6 billion according to Foundation Growth and Giving Estimates: Current Outlook, a new report from the New York City-based Foundation Centre.

And the findings from the Foundation Centre’s annual Foundation Giving Forecast Survey support the expectation that foundation giving will increase only minimally in 2006 with the exception of community foundations.

The survey compared Independent, Corporate and Community Foundations.

Also Community Foundation giving reached record levels in 2005 and are likely to increase in 2006 against a trend of other foundations remaining steady.

Sara Engelhardt, President of the Foundation Centre says while and the outlook for 2006 is uncertain at best, some funders—notably community foundations—may show bigger increases, but overall giving is likely to hold steady.

She says that in the case of community foundations, continued strong growth in their pool of donors and in exceptionally large gifts from their donor-advised funds will help them to maintain faster rates of growth in giving.

Giving by the US’s 68,000 grantmaking foundations grew to $US33.6 billion in 2005 spurred on by the growth in Community Foundations which were more likely to expect to increase their giving levels in 2006 than Corporate and Independent foundations.

In general, the study found that community foundations experienced far less of a dip in their assets in the early 2000s and have benefited from far larger asset gains (mainly from new gifts) in subsequent years.

Community foundations represented only 1 percent of all grantmaking foundations in the US but roughly 9 percent of the giving. In 2005, their giving rose an estimated 10.9 percent to a record $3.2 billion.

The study says adjusted for inflation, community foundation giving rose 7.2 percent in the last year, reaching a record level.

The number of community foundations in Australia is small with state-based organisations, following the Melbourne Community Foundation model, now operating in Sydney and Western Australia.
Philanthropy Australia says it is estimated that there are at least 2,000 trusts and foundations in Australia and these foundations disperse between half a billion and $1 billion per annum. It is estimated that Australian foundations have total assets of over $10 billion.

If you would like an electronic version of the study in PDF format just send us an email with the words Foundation Centre Study in the subject line to probono@probonoaustralia.com.au.




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Corporate,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Partnership Lessons from the Sporting Arena

Lina Caneva

Wednesday, 20th May 2015 at 9:30 am

Mining Social Enterprise Potential in WA

Lina Caneva

Wednesday, 22nd April 2015 at 12:02 pm

Royal Treatment for Australia’s Social Sector

Lina Caneva

Wednesday, 22nd April 2015 at 11:40 am

POPULAR

Housing the Other 94% of NDIS Recipients

Luke Michael

Monday, 23rd April 2018 at 1:02 pm

NDIS Urged to Implement Portable Training System for Workers

Luke Michael

Tuesday, 17th April 2018 at 8:31 am

Disability Advocates Slam Plans to Outsource NDIA Services

Luke Michael

Tuesday, 24th April 2018 at 5:52 pm

AMA Calls For “Bipartisan Commitment” to Fund NDIS

Luke Michael

Thursday, 12th April 2018 at 5:22 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Salary Survey 2018
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!