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Foundations Support Families Hit by Economic
Downtuwn
Read the results of a May 1, 2008 survey by the Council
on Foundations at http://www.cof.org/files/images/Summit/ecdwntrn.pdf
The
survey of over 300 foundations shows broad support for families hit by the
current economic downturn. In the first of a series of research studies on the
relationship between philanthropy and the economy, the Council release shows
strong response by foundations and corporate giving programs to help those most
impacted by today’s economy. The report shows that the vast majority of
foundations (86 percent) support grantmaking that either directly or indirectly
aids families, provides human services, assists lower-income populations or
supports economic development.
Donor Advised Funds (DAFs) Provide
the Majority of Grant Funds Awarded by Community Foundations
Read the results of a January 12, 2009 survey by the Council on Foundations at http://www.cof.org/files/Documents/Research/08donoradvisedpaper.pdf.
Donor-advised funds (DAF) comprise just 33 percent of the community
foundation sector's total assets, but they account for 62 percent of the community
foundation sector's annual grantmaking. According to this report by the
Council on Foundations, DAFs had an estimated $31 billion in assets in 2007,
the majority of which ($16.5 billion, or 53 percent) was held by community foundations
in some 49,000 funds. The payout rate from community foundation DAFs was also
three times the payout rate for non-donor advised funds: 16.4 percent versus 5
percent. In comparison to other funds, a higher proportion of grant
dollars from DAFs was used to support international affairs.
Asset Declines and Investment
Strategy Changes by Family, Independent, and Public Foundations
Read the results of a February 2, 2009 survey by the Council on Foundations at http://www.cof.org/files/Documents/Conferences/
09FamPhilConf/EconSurvey4.pdf
This survey just released by the Council on Foundations shows that family,
independent, and public foundations experienced a 28 percent decline in their
asset values over the course of 2008. Many foundations have not made
major changes to their investment strategies, but a substantial proportion are
making changes in their investment managers, their diversification, and
aggressiveness of their investment strategies. While nearly half of
assets were held in equities at the end of 2008, more than two-fifths of
respondents noted that the share of assets held in equities had dropped. Also,
more than a third noted an increase in the proportion of assets held in
fixed-income securities and cash.
Please find economic data reports for the nonprofit sector in various states. Click on the map below for information on Arkansas, Colorado, Florida and Virginia. Check back for more reports on additional states, as they become available.