Most asset size cohorts are in line with each other in terms of gifts and grants per capita except for the largest community foundations which, while often based in more densely populated urban centers, achieve an economy of scale. (n=373)
Median change in grants: 10%
#chart-wrapper-18974 g.highcharts-axis-labels.highcharts-yaxis-labels {
display: none;
}
#chart-wrapper-18974 text.highcharts-axis-title {
display: none;
}
Just over half of the community foundations in the sample experienced year over year declines in fundraising, with the median community foundation seeing a 3% decrease.
The table below reflects long-term growth in assets, gifts, and grants among 100 of the largest community foundations in the country, who together hold nearly 80% of the sample’s total assets. The collective asset total for this group increased by 8% over 2022, despite a second consecutive two-digit decrease in fundraising. Grantmaking totals continued to climb, with this group deploying over $16B in grants, an 11% increase over the prior year. (n=100)
Nearly 90 percent of the community foundations included in this year’s sample ended 2023 with a year over year increase in assets over 2022 totals, largely due to positive investment returns across the field in an economic climate seeing some recovery following the worst of the pandemic.