Foundation Giving Grew Modestly in 2008 But Declines Expected in 2009, According to New Foundation Center Report

New York, NY, March 31, 2009 — In the midst of a deepening economic crisis, the more than 75,000 U.S. grantmaking foundations nevertheless increased their giving 2.8 percent in 2008 to an estimated $45.6 billion, according to Foundation Growth and Giving Estimates: Current Outlook (2009 Edition), released today by the Foundation Center.