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Foundations Stepped Up And Opened Pocketbooks During Pandemic

Endowments at private foundations saw double-digit growth in both 2020 and 2021, rising $1.7 billion last year.

Private and family foundations opened their pocketbooks wide again in 2021, following a wildly charitable 2020 focused on pandemic relief aid.

Private foundation endowments saw double-digit growth in both 2020 and 2021, with endowments rising $1.7 billion last year, according to a report released Wednesday by Foundation Source, which provides management solutions for private foundations.

The study of nearly 1,000 private and family foundations with assets between $1 million and $500 million found that after generously supporting acute needs in 2020, including pandemic relief and racial equity, foundations…


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