While the combined assets of Georgia foundations jumped from 2001 to 2006, and gifts to them ballooned, their total giving inched up only 1 percent over the same period, a new study says.
That imbalance is due in part to the post-9/11 economic downturn, says “Key Facts on Georgia Foundations,” published by the Foundation Center.
The number of foundations in Georgia grew 11 percent to 1,399 over the five-year period, while total assets jumped 30 percent to $11.5 billion and gifts received shot up 126 percent to $891 million.
Total giving, however, increased slightly to $737 million in 2006 from $727 million in 2001.
The Robert W. Woodruff Foundation topped the list of givers, with $100.3 million in total giving in 2006, followed by the Community Foundation for Greater Atlanta, which gave $89.4 million.
Education was the favored focus of Georgia grantmakers, garnering almost one in four grant dollars, followed by health, which received more than one in five grant dollars.
Health and human services, however, received more than one in four of the grants awarded by foundations, a larger share than any other subject area.
Georgia foundations overwhelmingly favor capital grants, with almost six in 10 grant dollars going for capital support, followed by program support, which received more than one in five grant dollars.