Individuals Make Fewer $1-Million Gifts; Grant Makers Help Offset Decline

On a more positive note, the center, which also tracks foundation and corporate grants of $1-million and up, found that grant makers’ giving was more resilient in the face of last year’s recessionary climate.

Foundations actually increased the number of grants of $1-million or more by 10 percent in the last six months of last year, from 500 to 551, and by 16 percent for the entire year.