An annual survey shows grants rose 14.7% last year, but a simultaneous decline in investment values could affect future gifts
A strong stock market performance in 2021 fueled a rise in giving by private foundations last year, but the rockier year that followed could lead to fewer gifts in the future, according to an annual survey from Foundation Source, a Connecticut-based company.
This relatively strong showing could change as the foundations surveyed also reported a 14.5% drop in net assets and a year-over-year drop in net asset value of 31.5% last year. The 5% payout requirement is based on an organization’s average investment assets from the previous year. Among the foundations surveyed, 73.2% had assets between US$1 million and US$10 million, 20.5% had assets between US$10 million and US$50 million, while 6.3% had assets of US$50 million or more.
The second largest category—so-called public and societal benefit groups—captured 19.5% of grants in 2022, up 2% from a year earlier. These nonprofits are involved in a variety of causes, including civil rights, social action and advocacy, community capacity building, and science and technology.
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