SOURCE: NCGives

February 14, 2007 15:39 ET

NCGives Releases New Trends in Philanthropic Giving

Detailed Report Reveals a Surge in the Number of Foundations

RALEIGH, NC -- (MARKET WIRE) -- February 14, 2007 -- NCGives, an emerging statewide initiative focusing on the generosity of women, communities of color and youth, has released a report entitled "Foundation Giving in North Carolina: An Analysis of Trends for the 2005 Fiscal Year."

The report reveals the following about foundations in North Carolina:

--  The number of foundations tripled between 1997 and 2005 - totaling
    just over 3000.
    
--  Community Foundations giving has tripled - outpacing the growth of
    private foundations.
    
--  Only one percent (1% being 38 foundations) contributed two-thirds of
    total giving by foundations.
    
--  Based on the national average, North Carolinians gave an estimated
    total of $7.8 billion of which $6.4 billion was from individuals and
    corporations (Note: currently, there are no comprehensive data for
    individual giving, bequests or corporate giving), while nearly $9 million
    was from foundations.
    
--  Five foundations with combined assets totaling $277 million have been
    formed in North Carolina (since the mid-1990s) as a result of the sale or
    acquisition of hospital or health-care systems. These foundations have made
    grants totaling $11.6 million to nonprofits.
    

"NCGives recognizes the important and growing role that foundations play in the promotion of the common good for our state," said NCGives Executive Director, Donna Chavis. "This report is the first step in documenting the extent of the support of private giving to North Carolinians in many different sectors. We are in the process now of evaluating tools for future research that will include individual and corporate giving."

The author, Anita G. Shirley, has included a compilation of accurate and up-to-date information at both the individual foundation level and at the aggregate-statewide level in the report. It compares the growth of North Carolina foundations to other Southeastern states as well as assets attained and grants awarded. The information in the report was retrieved from multiple recognized sources, including the Foundation Center and FoundationSearch.

"It is the intent of NCGives to facilitate research about giving in North Carolina," said Chavis. "This is our first report that focuses on the types and trends of all giving in North Carolina. Since there currently are no comprehensive data for individual giving, bequests or corporate giving in the state, we wanted to help initiate the process of assessing percentages of all giving in North Carolina with this report."

Other important breakdowns include the largest foundations as well as community foundations in North Carolina, their locations, assets and grants awarded. To review the report in its entirety, go to www.ncgives.org.

Advised by a diverse group of North Carolinians, the NCGives initiative is a fund at the North Carolina Community Foundation that began its work in 2005. NCGives has joined with a group of individuals, organizations and coalitions doing work to grow giving among communities of color, women and young people in the state. NCGives celebrates, connects, inspires and grows traditions of giving by sharing stories, models and tools. To learn more log on to www.ncgives.org

Contact Information

  • CONTACT:
    Donna Chavis
    Executive Director
    Office: (919) 256-6908
    Email Contact

    4601 Six Forks Road, # 524
    Raleigh, NC 27609