Foundation Trends
July 21, 2005 | Read Time: 2 minutes
CHANGES FROM 2002 TO 2003
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Effect of Inflation
|
Number of
Grant-Making Foundations |
|||
|
on Foundation Assets
|
on Foundation Grants
|
||||
|
Constant 1975 dollars*
|
Current dollars*
|
Constant 1975 dollars*
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Current dollars*
|
||
|
1987
|
$54.77
|
$155.44
|
$3.15
|
$6.66
|
27,661
|
|
1988
|
$55.52
|
$122.08
|
$3.37
|
$7.42
|
30,338
|
|
1989
|
$59.67
|
$137.54
|
$3.43
|
$7.91
|
31,990
|
|
1990
|
$58.65
|
$142.48
|
$3.57
|
$8.68
|
32,401
|
|
1991
|
$64.35
|
$162.91
|
$3.64
|
$9.21
|
33,356
|
|
1992
|
$67.81
|
$176.82
|
$3.91
|
$10.21
|
35,765
|
|
1993
|
$70.45
|
$189.21
|
$4.14
|
$11.11
|
37,571
|
|
1994
|
$71.08
|
$195.79
|
$4.10
|
$11.29
|
38,807
|
|
1995
|
$80.04
|
$226.74
|
$4.33
|
$12.26
|
40,140
|
|
1996
|
$91.75
|
$267.58
|
$4.74
|
$13.84
|
41,588
|
|
1997
|
$110.59
|
$329.91
|
$5.36
|
$15.99
|
44,146
|
|
1998
|
$127.09
|
$385.05
|
$6.42
|
$19.46
|
46,832
|
|
1999
|
$144.87
|
$448.61
|
$7.53
|
$23.32
|
50,201
|
|
2000
|
$151.87
|
$486.09
|
$8.61
|
$27.56
|
56,582
|
|
2001
|
$141.97
|
$467.34
|
$9.27
|
$30.50
|
61,810
|
|
2002
|
$130.15
|
$435.19
|
$9.10
|
$30.43
|
64,843
|
|
2003
|
$139.39
|
$476.71
|
$8.86
|
$30.31
|
66,398
|
|
*In billions
|
|||||
|
|
Number of foundations
|
Assets
|
Gifts received
|
Expenditures
|
Total grants
|
|||||
|
|
Amount
|
Percent
|
Amount
|
Percent
|
Amount
|
Percent
|
Amount
|
Percent
|
Amount
|
Percent
|
|
New England
|
6,008
|
9.0%
|
$22,415,629,000
|
4.7%
|
$1,316,580,000
|
5.2%
|
$1,762,580,000
|
5.2%
|
$1,614,574,000
|
5.3%
|
|
Connecticut
|
1,369
|
2.1
|
5,915,114,000
|
1.2
|
335,633,000
|
1.4
|
537,019,000
|
1.6
|
514,978,000
|
1.7
|
|
Maine
|
272
|
0.4
|
934,266,000
|
0.2
|
79,213,000
|
0.3
|
68,655,000
|
0.2
|
61,881,000
|
0.2
|
|
Massachusetts
|
2,753
|
4.1
|
11,810,978,000
|
2.5
|
733,301,000
|
2.9
|
907,522,000
|
2.7
|
824,520,000
|
2.7
|
|
New Hampshire
|
280
|
0.4
|
985,622,000
|
0.2
|
71,612,000
|
0.3
|
67,649,000
|
0.2
|
49,923,000
|
0.2
|
|
Rhode Island
|
1,111
|
1.7
|
2,376,179,000
|
0.5
|
64,902,000
|
0.3
|
154,315,000
|
0.5
|
143,468,000
|
0.5
|
|
Vermont
|
223
|
0.3
|
393,470,000
|
0.1
|
31,919,000
|
0.1
|
27,420,000
|
0.1
|
19,804,000
|
0.1
|
|
Middle Atlantic
|
14,789
|
22.3
|
120,477,603,000
|
25.3
|
5,468,218,000
|
22.0
|
9,742,503,000
|
28.7
|
8,950,046,000
|
29.5
|
|
New Jersey
|
2,436
|
3.7
|
16,994,613,000
|
3.6
|
1,745,451,000
|
7.0
|
2,129,901,000
|
6.3
|
1,969,120,000
|
6.5
|
|
New York
|
8,840
|
13.3
|
78,918,087,000
|
16.6
|
3,151,939,000
|
12.7
|
5,955,444,000
|
17.5
|
5,446,687,000
|
18.0
|
|
Pennsylvania
|
3,513
|
5.3
|
24,564,903,000
|
5.2
|
570,828,000
|
2.3
|
1,657,159,000
|
4.9
|
1,534,238,000
|
5.1
|
|
East North Central
|
11,829
|
17.8
|
78,941,411,000
|
16.6
|
3,227,740,000
|
13.0
|
5,316,899,000
|
15.7
|
4,743,711,000
|
15.7
|
|
Illinois
|
3,807
|
5.7
|
20,936,489,000
|
4.4
|
1,185,237,000
|
4.8
|
1,384,608,000
|
4.1
|
1,270,086,000
|
4.2
|
|
Indiana
|
1,131
|
1.7
|
17,163,107,000
|
3.6
|
294,616,000
|
1.2
|
841,212,000
|
2.5
|
801,082,000
|
2.6
|
|
Michigan
|
1,923
|
2.9
|
21,611,596,000
|
4.5
|
524,057,000
|
2.1
|
1,306,418,000
|
3.8
|
1,211,590,000
|
4.0
|
|
Ohio
|
3,019
|
4.5
|
13,222,609,000
|
2.8
|
881,071,000
|
3.5
|
1,297,593,000
|
3.8
|
1,002,104,000
|
3.3
|
|
Wisconsin
|
1,949
|
2.9
|
6,007,611,000
|
1.3
|
342,759,000
|
1.4
|
487,068,000
|
1.4
|
458,849,000
|
1.5
|
|
West North Central
|
4,731
|
7.1
|
24,596,919,000
|
5.2
|
1,138,122,000
|
4.6
|
1,830,519,000
|
5.4
|
1,681,400,000
|
5.5
|
|
Iowa
|
808
|
1.2
|
2,298,452,000
|
0.5
|
162,020,000
|
0.7
|
204,856,000
|
0.6
|
153,718,000
|
0.5
|
|
Kansas
|
666
|
1.0
|
1829,493,000
|
0.4
|
69,397,000
|
0.3
|
117,079,000
|
0.3
|
105,339,000
|
0.3
|
|
Minnesota
|
1,295
|
2.0
|
10,162,212,000
|
2.1
|
329,125,000
|
1.3
|
728,528,000
|
2.1
|
674,001,000
|
2.2
|
|
Missouri
|
1,236
|
1.9
|
7,842,964,000
|
1.6
|
362,072,000
|
1.5
|
548,414,000
|
1.6
|
524,296,000
|
1.7
|
|
Nebraska
|
523
|
0.8
|
1,966,156,000
|
0.4
|
175,006,000
|
0.7
|
200,957,000
|
0.6
|
196,748,000
|
0.6
|
|
North Dakota
|
80
|
0.1
|
160,470,000
|
0.0
|
9,870,000
|
0.0
|
9,022,000
|
0.0
|
7,224,000
|
0.0
|
|
South Dakota
|
123
|
0.2
|
337,173,000
|
0.1
|
30,633,000
|
0.1
|
21,663,000
|
0.1
|
20,074,000
|
0.1
|
|
South Atlantic
|
10,586
|
15.9
|
58,166,270,000
|
12.2
|
3,030,667,000
|
12.2
|
4,573,819,000
|
13.5
|
4,016,548,000
|
13.3
|
|
Delaware
|
331
|
0.5
|
2,992,390,000
|
0.6
|
88,568,000
|
0.4
|
203,468,000
|
0.6
|
195,957,000
|
0.6
|
|
District of Columbia
|
383
|
0.6
|
4,265,512,000
|
0.9
|
355,164,000
|
1.4
|
512,991,000
|
1.5
|
358,324,000
|
1.2
|
|
Florida
|
3,390
|
5.1
|
14,027,413,000
|
2.9
|
661,385,000
|
2.7
|
1,069,301,000
|
3.2
|
975,233,000
|
3.2
|
|
Georgia
|
1,276
|
1.9
|
8,990,413,000
|
1.9
|
476,026,000
|
1.9
|
765,939,000
|
2.3
|
647,630,000
|
2.1
|
|
Maryland
|
1,381
|
2.1
|
10,373,832,000
|
2.2
|
303,409,000
|
1.2
|
705,480,000
|
2.1
|
637,359,000
|
2.1
|
|
North Carolina
|
2,014
|
3.0
|
9,576,538,000
|
2.0
|
532,815,000
|
2.0
|
723,598,000
|
2.1
|
690,432,000
|
2.3
|
|
South Carolina
|
377
|
0.6
|
1,421,497,000
|
0.3
|
61,239,000
|
0.2
|
91,081,000
|
0.3
|
81,968,000
|
0.3
|
|
Virginia
|
1,208
|
1.8
|
5,767,406,000
|
1.2
|
507,501,000
|
2.0
|
462,935,000
|
1.4
|
393,847,000
|
1.3
|
|
West Virginia
|
226
|
0.3
|
751,269,000
|
0.2
|
44,561,000
|
0.2
|
39,028,000
|
0.1
|
35,796,000
|
0.1
|
|
East South Central
|
2,002
|
3.0
|
8,111,101,000
|
1.7
|
584,233,000
|
2.4
|
660,724,000
|
1.9
|
602,839,000
|
2.0
|
|
Alabama
|
660
|
1.0
|
1,851,327,000
|
0.4
|
74,130,000
|
0.3
|
154,017,000
|
0.5
|
144,987,000
|
0.5
|
|
Kentucky
|
416
|
0.6
|
1,503,373,000
|
0.3
|
104,267,000
|
0.4
|
89,518,000
|
0.3
|
83,344,000
|
0.3
|
|
Mississippi
|
231
|
0.3
|
820,615,000
|
0.2
|
44,145,000
|
0.2
|
59,183,000
|
0.2
|
52,401,000
|
0.2
|
|
Tennessee
|
695
|
1.0
|
3,935,787,000
|
0.8
|
361,690,000
|
1.5
|
358,006,000
|
1.1
|
322,106,000
|
1.1
|
|
West South Central
|
4,842
|
7.3
|
34,859,861,000
|
7.3
|
2,685,611,000
|
10.8
|
2,322,794000
|
6.8
|
2,060,157,000
|
6.8
|
|
Arkansas
|
255
|
0.4
|
1,868,087,000
|
0.4
|
162,931,000
|
0.7
|
277,320,000
|
0.8
|
272,106,000
|
0.9
|
|
Louisiana
|
440
|
0.7
|
1,849,500,000
|
0.4
|
87,693,000
|
0.4
|
138,435,000
|
0.4
|
123,347,000
|
0.4
|
|
Oklahoma
|
579
|
0.9
|
6,122,211,000
|
1.3
|
706,693,000
|
2.8
|
291,380,000
|
0.9
|
214,785,000
|
0.7
|
|
Texas
|
3,568
|
5.4
|
25,020,063,000
|
5.2
|
1,728,294,000
|
7.0
|
1,615,658,000
|
4.8
|
1,449,918,000
|
4.8
|
|
Mountain
|
3,219
|
4.8
|
17,843,789,000
|
3.7
|
783,290,000
|
3.2
|
1,073,870,000
|
3.2
|
1,000,779,000
|
3.3
|
|
Arizona
|
538
|
0.8
|
2,438,581,000
|
0.5
|
103,879,000
|
0.4
|
160,308,000
|
0.5
|
142,972,000
|
0.5
|
|
Colorado
|
1,105
|
1.7
|
6,739,856,000
|
1.4
|
337,878,000
|
1.4
|
361,031,000
|
1.1
|
321,701,000
|
1.1
|
|
Idaho
|
186
|
0.3
|
1,018,761,000
|
0.2
|
83,016,000
|
0.3
|
49,215,000
|
0.1
|
45,787,000
|
0.2
|
|
Montana
|
177
|
0.3
|
357,657,000
|
0.1
|
14,279,000
|
0.1
|
20,420,000
|
0.1
|
18,790,000
|
0.1
|
|
Nevada
|
426
|
0.6
|
3,479,143,000
|
0.7
|
103,848,000
|
0.4
|
215,445,000
|
0.6
|
233,356,000
|
0.8
|
|
New Mexico
|
203
|
0.3
|
1,123,984,000
|
0.2
|
56,951,000
|
0.2
|
72,217,000
|
0.2
|
55,169,000
|
0.2
|
|
Utah
|
405
|
0.6
|
1,790,690,000
|
0.4
|
43,263,000
|
0.2
|
132,367,000
|
0.4
|
126,590,000
|
0.4
|
|
Wyoming
|
179
|
0.3
|
895,117,000
|
0.2
|
40,175,000
|
0.2
|
62,865,000
|
0.2
|
56,414,000
|
0.2
|
|
Pacific
|
8,379
|
12.6
|
111,239,802,000
|
23.3
|
6,618,810,000
|
26.6
|
6,652,990,000
|
19.6
|
5,634,894,000
|
18.6
|
|
Alaska
|
62
|
0.1
|
301,875,000
|
0.1
|
34,439,000
|
0.1
|
18,591,000
|
0.1
|
15,915,000
|
0.1
|
|
California
|
6,160
|
9.3
|
71,862,374,000
|
15.1
|
5,941,471,000
|
23.9
|
4,503,866,000
|
13.3
|
3,759,678,000
|
12.4
|
|
Hawaii
|
272
|
0.4
|
1,590,056,000
|
0.3
|
45,874,000
|
0.2
|
94,797,000
|
0.3
|
72,608,000
|
0.2
|
|
Oregon
|
677
|
1.0
|
3,475,625,000
|
0.7
|
296,658,000
|
1.2
|
240,452,000
|
0.7
|
215,393,000
|
0.7
|
|
Washington
|
1,208
|
1.8
|
34,009,872,000
|
7.1
|
300,367,000
|
1.2
|
1,795,283,000
|
5.3
|
1,571,299,000
|
5.2
|
|
Foundations That Awarded the Most Money, 2003
|
|||
|
Foundation
|
2002 grants
|
2003 grants
|
Percentage change
|
|
1. Bill & Melinda Gates Foundation (Wash.)
|
$1,158,292,000
|
$1,182,827,000
|
+2.1%
|
|
2. Lilly Endowment (Ind.)
|
557,098,000
|
462,337,000
|
-17.0
|
|
3. Ford Foundation (N.Y.)
|
509,700,000
|
431,643,000
|
-15.3
|
|
4. Bristol-Myers Squibb Patient Assistance Foundation (N.J.)
|
297,135,000
|
401,840,000
|
+35.2
|
|
5. Robert Wood Johnson Foundation (N.J.)
|
360,347,000
|
390,600,000
|
+8.4
|
|
6. Merck Patient Assistance Program (Pa.)
|
244,000,000
|
380,860,000
|
+56.1
|
|
7. David and Lucile Packard Foundation (Calif.)
|
350,048,000
|
277,892,000
|
-20.6
|
|
8. Pew Charitable Trusts (Pa.)
|
238,535,000
|
265,438,000
|
+11.3
|
|
9. William and Flora Hewlett Foundation (Calif.)
|
168,214,000
|
258,048,000
|
+53.4
|
|
10. Janssen Ortho Patient Assistance Program (N.C.)
|
$155,304,000
|
$214,136,000
|
+37.9%
|
|
11. Annenberg Foundation (Pa.)
|
195,071,000
|
213,210,000
|
+9.3
|
|
12. John D. and Catherine T. MacArthur Foundation (Ill.)
|
195,573,000
|
195,115,000
|
– 0.2
|
|
13. W.K. Kellogg Foundation (Mich.)
|
176,303,000
|
195,007,000
|
+10.6
|
|
14. American Contemporary Art Foundation (N.Y.)
|
229,000
|
192,678,000
|
+84,039.9
|
|
15. Starr Foundation (N.Y.)
|
209,301,000
|
188,856,000
|
-9.8
|
|
16. Andrew W. Mellon Foundation (N.Y.)
|
222,662,000
|
179,159,000
|
-19.5
|
|
17. Annie E. Casey Foundation (Md.)
|
159,310,000
|
172,797,000
|
+8.5
|
|
18. California Endowment
|
153,441,000
|
152,021,000
|
-0.9
|
|
19. Rockefeller Foundation (N.Y.)
|
149,160,000
|
130,081,000
|
-12.8
|
|
20. Wal-Mart Foundation (Ark.)
|
101,000,000
|
119,801,000
|
+18.6
|
SOURCE: Foundation Center
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