Mixed results – Gifts, grants decline

Reflecting rapid growth among community foundations throughout the U.S., the Foundation for the Carolinas in Charlotte boosted its assets to more than $255 million in 2000, up from $246.1 million a year earlier.

The foundation last year received more than $41 million in gifts, down from $43 million in 1999.

It created 170 new funds, down from 182 in 1999, and handed out more than $26 million to charities in the region, down from $30.6 million in 1999.

A slumping stock market,  coupled with uncertainty about the November 2000 presidential election, contributed to the decline in giving to and by the foundation, it said.

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