Our company is based in Illinois, a state whose budget woes are getting national attention. Many of our municipal contacts are faced with a disheartening situation: state funds that have been reliable sources of support for many years suddenly are no longer available. Although such funds are never guaranteed, they have in the past been steady enough to build budgets around them. Now those budgets are in jeopardy. As a result, our consultations and strategy sessions often revolve around replacement funding.
Out of the $316.2 billion of private giving in the United States in 2012 (latest year for which real numbers are available), 16% came from foundations. (72% was from individuals). Grants from foundations are a major source of funds that support impact-making organizations in the United States. These numbers are according to a report, “Key Facts on U.S. Foundations,” released by the Foundation Center in New York City.