Business

Foundations Give Record $40.7 Billion

Posted August 8, 2007 6:09 a.m. EDT

The 71,000 grantmaking foundations in the U.S. gave away an estimated $40.7 billion last year, up 11.7 percent over 2005 for a second straight double-digit rise, a new study says.

For details, see the Philanthropy Journal report.