Foundation Center Releases Key Facts on
Georgia Community Foundations
Growing Sector of Philanthropy Serves Communities
Throughout the State
New York, NY — February 24, 2009. Georgia's 13 community foundations held assets of more than $1.1 billion in 2007 and gave over $104 million, according to Key Facts on Georgia Community Foundations, a report released today by the Foundation Center. The report presents a snapshot of growth and giving trends of Georgia's community foundations. Between 2002 and 2007, there was a 202 percent increase in new gifts into community foundations, indicating the growing popularity of these institutions as a vehicle for charitable giving. Other key facts highlighted in the report include:
- The largest Georgia community foundation, The Community Foundation for Greater Atlanta, had more than $770 million in assets and gave more than $74 million in grants in 2007.
- Georgia community foundation giving represented more than 13 percent of giving by all Georgia foundations in 2007.
- Almost half of the state's community foundations were established in the 1990s.
"Community foundations are an important source of local and regional assistance, information, and funding," said Pattie Johnson, director of the Center's regional office in Atlanta. "Georgia residents are fortunate to have 82 percent of the state served by one or more community foundations. They provide a simple, powerful way to 'do good' in the community."
"The vital work of community foundations in Georgia, and the impact that work has on all of Georgia's citizens is not well known," said Lee H. Owen, executive director, Communities of Coastal Georgia Foundation, and president/chair of the Georgia Council of Community Foundations. "The philanthropic dollars channeled through the 13 community foundations in Georgia in 2007 provided essential services and improved the quality of life throughout the state. As federal and state budgets are forced to cut back on funding for social services, education, the arts, and other sectors, community foundations and the donors they represent will be there, 'for good and forever.'"
Key Facts on Georgia Community Foundations was prepared by the Foundation Center and the Nonprofit Studies Program of the Andrew Young School of Policy Studies at Georgia State University at the request of the Georgia Council of Community Foundations. The report can be downloaded at no charge from the Gain Knowledge area of the Foundation Center's web site.
About the Foundation Center
Established in 1956 and today supported by close to 600 foundations, the Foundation Center is the nation's leading authority on philanthropy, connecting nonprofits and the grantmakers supporting them to tools they can use and information they can trust. The Center maintains the most comprehensive database on U.S. grantmakers and their grants — a robust, accessible knowledge bank for the sector. It also operates research, education, and training programs designed to advance philanthropy at every level. The Center's web site receives more than 47,000 visits each day, and thousands of people gain access to free resources in its five regional library/learning centers and its network of more than 400 funding information centers located in public libraries, community foundations, and educational institutions in every U.S. state and beyond. For more information, please visit foundationcenter.org or call (212) 620-4230.
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