Share |

Economic uncertainty hits giving by US family foundations

Philanthropy has been hit by ongoing economic uncertainty in the US, with American family foundations donating less money in 2010 compared to 2008.

Philanthropy has been hit by ongoing economic uncertainty in the US, with American family foundations donating less money in 2010 compared to 2008.

A study by US research body the Foundation Center found that family foundations gave $20.6 billion (€15.5 billion) in 2010, compared to a record high of $21 billion in 2008.

However, the 2010 figure is a slight increase on 2009, when American foundations gave $20.4 billion.

According to the study, education and health causes were the biggest priority for family foundations in 2010.

Read the full story on CampdenFO

Click here >>
Close