US community foundation sector gains in 2003

The Columbus Foundation survey is another important survey on community giving in the US apart from the annual Giving USA survey. The number of community foundations in the US remained at the region of 600 to 650, thus not much development in the past few years...

According to the annual Columbus Foundation survey issued in October, gifts, grants and assets of the community foundation field increased in 2003 in an improving economic climate. The 645 US community foundations surveyed received $3.8 billion in gifts last year, 17 per cent up on the previous year. They made grants totalling $2.6 billion, $47 million more than the previous year, while net assets also increased 17 per cent over the preceding year to $34.9 billion.

(Source: Alliance Bulletin November 2004)