DURHAM, N.C – The Triangle Community Foundation reports it made $13.4 million in grants in its fiscal year ended June 30, its highest total ever and an increase of 20 percent from the previous year, according to unaudited numbers.
The foundation’s assets and contributions to it both grew 13 percent for the year.
“We take our responsibility as stewards of the community’s trust quite seriously and are pleased to be able to report such significant increases, especially in grantmaking,” Andrea Bazán-Manson, the foundation’s president, says in a statement. “The more dollars the foundation can strategically direct to worthy causes, the greater the overall benefit to the community.”
Assets of the foundation, which manages nearly 700 funds ranging in size from $10,000 to $10 million, now total over $123 million, while contributions to the foundation in the just-ended fiscal year totaled roughly $16 million.
Grants the foundation awarded in the just-ended fiscal year included a total of nearly $400,000 to the first 30 recipients of its new competitive “community grantmaking program.”
The foundation also gave over $108,000 to local departments of social services in Wake, Durham, Orange and Chatham counties, the four counties it serves, through its Send A Kid To Camp program.
And it awarded over $257,000 in scholarships to 87 individuals for undergraduate and graduate study.