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Wealthy Foundations Gave Record Amount in 1998, Study Finds

February 10, 2000 | Read Time: 1 minute

Foundation Giving Trends: Update on Funding Priorities, 2000 Edition
Edited by Steven Lawrence

The amount of money given away by big foundations rose 22 percent from 1997 to 1998,

while the number of grants awarded increased by 13 percent, according to this report.

The Foundation Center sampled 1,009 large private, corporate, and community foundations and counted 97,220 grants of $10,000 or more. Although those foundations represent only 2 percent of U.S. grant makers, the $9.7-billion they distributed equals half of all foundation grant dollars reported in 1998, the study says.

This book is the first of four annual installments on grant making that will compose a new series known as Foundations Today.


The report says that support for arts and cultural programs grew by 42 percent — faster than the growth in any other field that foundations support. The report provides several charts, graphs, and tables that delineate giving by field of interest, type of support, and other categories.

Publisher: Foundation Center, Dept. NA1, 79 Fifth Avenue, New York 10003-3076; (212) 807-3690 or (800) 424-9863; fax (212) 807-3691; http://fdncenter.org; 96 pages; $95 for the series; I.S.B.N. 0-87954-898-3.

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