Growth in California Philanthropy Outpaces the Nation
Philanthropic giving by California’s foundations jumped from $2.8 billion to $6 billion over the past decade despite two economic recessions during that period, a new University of Southern California analysis shows.
Those numbers, adjusted for inflation, represent a 55 percent increase in giving from 1999 to 2009. Foundation giving nationwide increased 52.5 percent during that period, according to the report by the USC Center on Philanthropy and Public Policy based at the USC Sol Price School of Public Policy.
The number of foundations based in California also soared from 4,208 in 1999 to 7,184 in 2009.
- Places:
- California
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%0D%0A%20%20The%20number%20of%20foundations%20based%20in%20California%20also%20soared%20from%204,208%20in%201999%20to%207,184%20in%202009.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Fgrowth-california-philanthropy-outpaces-nation%2F" target="_blank" class="email" data-post-id="15589" type="icon_link"> Email Email 0 Comments Comments