Giving by U.S. Family Foundations Recovering Slowly
New York, NY — February 8, 2012. America's family foundations contributed more than $20 billion in 2010 to organizations and people working for the public good, but total giving did not reach its pre-recession peak of $21 billion in 2008. According to the Foundation Center's latest edition of Key Facts on Family Foundations, the 1.1 percent increase in family foundation giving between 2009 and 2010 marks a reversal of the previous year's 3.4 percent decline. Among other key findings in the report: · Family foundations account for the majority of giving by independent foundations