The Social and Economic Value of Private and Community Foundations

The Social and Economic Value of Private and Community Foundations

According to a new report funded by the recently launched Philanthropic Collaborative, every dollar that private and community foundations provided in grants and support in 2007 produced an estimated average return of $8.58 in direct economic benefits. The report, The Social and Economic Value of Private and Community Foundations (42 pages, PDF), found that the program areas generating the biggest returns include arts and culture, for which $5.2 billion in foundation support helped produce an estimated $51 billion in direct benefits, and education, for which $9.7 billion in foundation support helped produce an estimated $49 billion in benefits. Foundations also were responsible for some 9.2 million jobs, $511.9 billion in household income, and $145.4 billion in local, state, and federal revenue.