Thursday, February 15, 2007

PRESS RELEASE NCGives Releases New Trends in Philanthropic Giving

PRESS RELEASE NCGives Releases New Trends in Philanthropic Giving: "RALEIGH, NC -- (MARKET WIRE) -- February 14, 2007 -- NCGives, an emerging statewide initiative focusing on the generosity of women, communities of color and youth, has released a report entitled 'Foundation Giving in North Carolina: An Analysis of Trends for the 2005 Fiscal Year.'

The report reveals the following about foundations in North Carolina:

-- The number of foundations tripled between 1997 and 2005 - totaling
just over 3000.

-- Community Foundations giving has tripled - outpacing the growth of
private foundations.

-- Only one percent (1% being 38 foundations) contributed two-thirds of
total giving by foundations."

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