Foundation Grants to Arts and Culture, 2011 A One-year Snapshot
Steven Lawrence, Reina Mukai | GIA Reader, Vol 24, No 3 (Fall 2013)
Giving by US foundations rose nearly 7 percent to a record $49 billion in 2011. After adjusting for inflation, however, foundation giving remained below the peak level reported in 2008. Despite continued economic volatility, many foundations appeared to have settled into a “new normal” of budget stability or modest annual increases in support combined with continued caution about making large, multiyear commitments.