Though foundations continue to play an important role in North Carolina's philanthropic landscape, NCGives' newly released Foundation Giving in North Carolina report shows that the economic recession has indeed left its mark, with the most recent IRS data available revealing a 23% drop in North Carolina foundations' cumulative assets in 2008.

Anita Gunn Shirley (who compiles the report for NCGives annually) concludes this year's update by urging the state's nonprofit sector to remember that the majority of charitable dollars comes from individuals -- an especially timely reminder, while conventional grantmaking programs continue to recover from the recession.

Additional data on grants awarded, distribution of foundations and areas of giving are available in the full report, Foundation Giving in North Carolina: An Analysis of Trends for Fiscal Year 2008.

Download the Report

For further information about the report and its findings, please contact:

Donna Chavis - donna.chavis@ncgives.org
Executive Director, NCGives

Anita Gunn Shirley - anita.shirley@duke.edu
Report author; Assistant Director of Foundation Relations, Duke University Medical Center