Posted by: PNNOnline on Monday, March 6, 2006
Topic General Fundraising
Following a two-year decline, foundation support for most major program areas rebounded in 2004, according to Foundation Giving Trends: An Update on Funding Priorities, a new report from the New York-based Foundation Center. Grant dollars awarded by the largest private and community foundations increased 8 percent between 2003 and 2004, while the number of grants increased 5 percent. Among major program areas, science and health experienced the fastest growth in grant dollars.
Contributing to the rise in giving for health was a $750 million ten-year grant from the Bill & Melinda Gates Foundation to the DC-based Vaccine Fund to support the Global Alliance for Vaccines and Immunization (GAVI). This grant helped to raise health’s share of overall giving from 19.5 percent to a record 22.3 percent in the latest year. With its focus on improving access to child vaccines in the poorest countries in the world, it also led to record levels of support for children and youth and the economically disadvantaged.