Grantmaking by Georgia foundations rose 15.2 percent in the past five years, in spite of a slight decline of 0.7 percent in their total assets, says a new report from the Foundation Center.
Georgia foundations combined gave more than $718 million in grants in 2005 from an asset pool totaling $9.9 billion, says the Center’s “Key Facts on Georgia Foundations” report.
The number of foundations based in Georgia also grew by 17.7 percent in 2005, and the number of gifts spiked 98.3 percent.
However, grant sizes tended to be smaller at most foundations, the study says, with 54 percent under $50,000.
Education remained a top funding priority in 2005, following the national trend, with almost half of grant funds going to capital projects, and an emphasis on building and renovation.
The report is free on the Foundation Center’s website.