Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/1/2013 (1 year ago)

Catholic Online (www.catholic.org)

35 percent of grant dollars in 2011 were intended to benefit the economically disadvantaged

According to a report released by the Foundation Center. donations in the United States by private and community foundations reached an estimated $50.9 billion in 2012, growing just ahead of inflation. The report was primarily about a 2011 survey of foundations, but did include the limited projection for 2012.

The Gates Foundation remains the largest in the country with $34.6 billion in assets, was the biggest donor in 2011 giving $3.2 billion. It has also been the top international funder since 2004.

The Gates Foundation remains the largest in the country with $34.6 billion in assets, was the biggest donor in 2011 giving $3.2 billion. It has also been the top international funder since 2004.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/1/2013 (1 year ago)

Published in U.S.

Keywords: Charities, funding, Bill & Melinda Gates Foundation, report


LOS ANGELES, CA (Catholic Online) - The country's 81,777 foundations held $622 billion in assets and distributed $49 billion in 2011. This figure was just below $1.9 billion below 2012's estimate, according to the Foundation Center's annual research study.

"The outlook for 2013 is for continued modest growth overall," Steven Lawrence, the Foundation Center's director of research and author of the report says.

"It may not be the boom years of the late 1990s or mid-2000s, but the good news is that it looks like U.S. foundations will continue to provide a stable source of support for new ideas and ongoing programs that improve lives around the world," Lawrence added.

Thirty-five percent of all grant dollars awarded in 2011, from the nation's largest foundations went specifically to benefit the economically disadvantaged. The report also proved that health and education were the top priorities of the country's largest foundations, accounting for almost half of all grant dollars.

The Bill & Melinda Gates Foundation made the single largest grant of $967 million over five years to the Global Alliance for Vaccines and Immunization.

"Foundations have been a critical source of stability for the non-profit sector throughout the economic downturn and in this period of economic recovery. We have not yet seen a return to double-digit growth, but foundation funding continues to be much less susceptible to cyclical economic changes than other sources of giving," Lawrence says.

There were approximately 58,000 unique recipient organizations in 2011. The top one percent, close to 580 organizations, captured half of all grant dollars.

The health sector benefited the most from foundation giving, receiving $6.8 billion, or 28 percent, of the $24.5 billion awarded in grants in 2011.

Education was in second place, receiving $5 billion. Arts and culture received $3.5 billion, tying with human services which drew $3.5 billion.

According to the report, $8.5 billion or 35 percent of the grant money, was focused on the economically disadvantaged. Children and youth received $5.3 billion, ethnic or racial minorities received $2.2 billion, while women and girls received $1.4 billion.

The Gates Foundation remains the largest in the country with $34.6 billion in assets, was the biggest donor in 2011 giving $3.2 billion. It has also been the top international funder since 2004.

Click here to learn about our Saint Michael the Archangel conference this Nov 1-3!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More U.S.

Planned Parenthood HACKED, private employee information revealed Watch

Image of

By Linky C. (NEWS CONSORTIUM)

Planned Parenthood's website was hacked by a group of hackers who managed to gain access into Planned Parenthood and acquire the site's databases, including the names and email addresses of employees. These details were released by the hackers to the public. MUNTINLUPA ... continue reading


Threatening note promising revenge attacks found on U.S. military serviceman's car Watch

Image of The anonymous note comes just a week after the tragic shooting at military locations in Chattanooga, Tennessee.

By Atarah Haely (NEWS CONSORTIUM)

Under the windshield wiper of a car, owned by an unidentified serviceman, was a note warning the military of a revenge under investigation. Authorities believe the car was targeted because of the license plate identified the owner is a part of the military service. ... continue reading


Missouri Sheriff's 'inspiring' phrase on police patrol cars enrages atheists Watch

Image of Stone County police cars now have

By Nikky Andres (NEWS CONSORTIUM)

A Missouri sheriff made the decision to adorn all of his station's police patrol cars with the words, "In God We Trust." It has quickly sparked up a major debate and inevitably, atheist activists are quite frustrated about it. MUNTINLUPA, PHILIPPINES -The Missouri ... continue reading


Humility not Haughtiness: Dana Milbank is Absolutely Wrong about Rick Santorum Watch

Image of Pictured: Rick and Karen Santorum at campaign launch

By Keith A Fournier

Dana Milbank was wrong in insinuating that Rick Santorum's use of the third person in referring to his campaign was akin to a - royal we. To the contrary, it reveals the heart of a humble man who deeply cares about others. Humility is such a rare quality these days ... continue reading


Does Planned Parenthood Contribute Anything of Value to Society?

Image of Margaret Sanger

By Matt C. Abbott

Granted, the Church's infallible teaching on the intrinsic immorality of contraception is derided by the libertine left, and too few Catholics assent to it. (At least some of the blame for this sad reality falls on weak and dissident clergy, but that's a subject ... continue reading


Obama to Abortionists: Thank you, Planned Parenthood. God bless you. Watch

Image of President Obama at Planned Parenthood conference

By Ken Blackwell

In two startling videos, we have seen Planned Parenthood leaders engaged in a ghoulish traffic in the organs of unborn children whom they have killed. My colleague at Family Research Council, Tony Perkins, discussed this horror on his recent radio show in an ... continue reading


Mystery man found decomposing inside his car identified by fiancee as an undercover agent

Image of

By Talia Ramos (NEWS CONSORTIUM)

A man was found dead and decomposing inside his car, parked in a neighborhood in Southern California last Friday. Apparently, he had already been dead for two weeks when he was discovered. MUNTINLUPA, PHILIPPINES (Catholic Online) - CBS Sacramento Local reported that ... continue reading


Disgusting, horrific stories of abuse: 68-year-old man drugged, sexually abused and performed surgical procedures on a young girl for six years Watch

Image of Girl [not pictured] experiences traumatizing abuse for six years. [Photo by: Alamy]

By Nikky Andres (NEWS CONSORTIUM)

A 68-year-old man has drugged a young girl, sexually assaulted her with sharp objects and sucked fat from her stomach to inject into her breasts over a devastating span of six years. MUNTINLUPA, PHILIPPINES (Catholic Online) - According to the police, Louis Romano ... continue reading


Lone gunman kills two before turning gun on himself in Lafayette movie theater shooting Watch

Image of Fifty-nine-year-old John Russel Houser opened fire at the Grande Theatre in Lafayette, Louisiana as they watched the romantic comedy

By Catholic Online (NEWS CONSORTIUM)

In an all-too-common occurrence in American society as of late, a lone gunman opened fire on a crowd of innocent civilians, leaving death and injury in his wake. Fifty-nine-year-old John Russel Houser opened fire at the Grande Theatre in Lafayette, Louisiana as they ... continue reading


FBI reveals ISIS poses bigger threat than '9/11's' al-Qaeda attack Watch

Image of ISIS continues to reach out to possible recruits through social media.

By Linky C. (NEWS CONSORTIUM)

The Federal Bureau of Investigation confirms the growing threat from ISIS surpasses, in comparison, its terrorist rival, al-Qaeda when it comes to violence and being tech-savvy on social media. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - FBI director James Comey ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Exodus 33:7-11; 34:5-9, 28
7 Moses used to take the Tent and pitch it outside ... Read More

Psalm, Psalms 103:6-7, 8-9, 10-11, 12-13
6 Yahweh acts with uprightness, with justice to all ... Read More

Gospel, Matthew 13:35-43
35 This was to fulfil what was spoken by the prophet: ... Read More

Saint of the Day

Saint of the Day for July 28th, 2015 Image

St. Innocent I
July 28: Innocent was born at Albano, Italy. He became Pope, succeeding ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter