US foundation giving reaches an estimated $50.9 billion in 2012

From Philanthropy Journal

Even through a period of unpredictability in the national and global economic and political environment, domestic foundation giving has continued to grow at a moderate pace. According to Key Facts on U.S. Foundations, the Foundation Center’s new annual research study, in 2011 the country’s 81,777 foundations held $622 billion in assets and distributed $49 billion, an amount estimated to have reached $50.9 billion in 2012. The outlook for 2013 is for continued modest growth overall.

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