Tuesday, April 04, 2006

Assets of Foundations Sprint Past Milestone, but Lower Payout Is Foreseen - New York Times

Assets of Foundations Sprint Past Milestone, but Lower Payout Is Foreseen - New York Times: "ssets of Foundations Sprint Past Milestone, but Lower Payout Is Foreseen


By STEPHANIE STROM
Published: April 4, 2006

Foundation assets climbed above $500 billion for the first time last year, according to estimates issued yesterday by the Foundation Center.

Nonetheless, the center, a research and educational group that tracks grants, expects total giving by foundations to fall this year as concerns about the national deficit, higher oil prices, volatility in the stock market and the war in Iraq weigh on the minds of foundation managers."

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