BusinessNorth Exclusives: "Though they make up only one percent of all grant makers nationwide, community foundations, which dedicate their efforts to specific regions, are better positioned to weather recession than others, and this sector is growing, according to a May 2009 report by the Foundation Center.
One possible reason: Recession may be discouraging philanthropists from setting up their own foundation endowments, and instead are creating donor-advised funds under the umbrella of established community foundations, the report stated."
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