Ohio Foundation Giving Declined in 2009
The most current numbers are in and confirm our expectations: in the aftermath of the latest recession, Ohio foundation giving in 2009 fell for the first time since 2002. According to the most recent data, Ohio foundations gave 8 percent less in 2009 than they did in 2008, with grants totaling $1.22 billion.
And, very few foundations were created in Ohio during 2009: 28 new grantmaking organizations appeared, for a net gain of only 7 since we lost 21 foundations. This brought the total number of grantmaking organizations in the Buckeye State to 3,284.
There is one piece of good news in the recently-released data: foundation assets were on the rebound in 2009, up modestly at 3.7 percent after a disastrous drop of nearly 20 percent in 2008. Foundations headquartered in the state together held $15.69 billion in assets, a figure that is quite a bit below the 2007 peak of $18.87 billion.
Read more about Ohio’s charitable giving online in our one-page summary report.