Foundation giving strong for 2007

Amid gathering economic clouds, foundation giving was strong in 2007, growing 13.2 percent over 2006, a new study says.

Together, the more than 1,339 foundation responding to the survey by the Foundation Center awarded $21.6 billion in 2007, says the report, Foundation Giving Trends 2009.

The number of grants awarded also grew, reaching 150,392, a jump of 7.1 percent over 2006.

Education groups topped the list of grant dollars received, taking in a total of $4.94 billion, or 23 percent of the total grant dollars awarded, followed by health groups, which collectively received $4.91 billion, also about 23 percent of the total.

Eight in 10 recipient categories saw gains in grant dollars in 2007, with only arts and culture, and international affairs, development and peace, showing funding declines.

While seven in 10 categories posted double-digit funding growth rates, groups serving the environment and animals topped the list with 28.5 percent growth in 2007.

Among population groups, the economically disadvantaged received the most funding, totaling a record $5.3 billion.

International giving topped $5 billion, accounting for almost one in four dollars granted in 2007.

About half of grant dollars were awarded for program support, while about a fifth were directed to general support.

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