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New York impact grows

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The size and clout of New York-based philanthropy surged in the 1990s, with the number of foundations growing by two-thirds and their assets and overall giving each more than doubling, a new report says.

The region’s foundations control a bigger share of total foundation assets in the U.S., give more in grants and have a greater national and international impact than do foundations in any other state, says the report by The Foundation Center.

Assets of foundations in the region — which numbered 5,700 in 2000, up by nearly a third since 1992 – more than doubled to $82 billion, while their giving more than doubled to $4.8 billion.

Foundations in the region accounted for 1 in 10 grantmakers in the U.S. and accounted for 17 percent of all giving by U.S. foundations.

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