Small private foundation endowments grew by 10 percent in 2012
A Foundation Source study of 732 small U.S. private foundations (those with less than $50 million in assets) found that total assets grew from $1.9 billion in 2011 to $2.1 billion in 2012. Foundation giving grew by 9.2 percent. The $200 million increase in assets is attributed to a recovery in financial markets that allowed donors to increase contributions. The study’s data is considered reflective of the 98% of foundations with assets under $50 million. (The largest 2 percent of U.S. foundations hold nearly 70 percent of all foundation wealth.)
The Sustained Sting of Sequestration
NIH research grants
One quotation says it all: “Today a researcher’s chance of getting a NIH grant is the lowest in the agency’s history—just 1 in 10 will get funded.” Read more.
Domestic violence programs
Across-the-board federal funding cuts are affecting domestic violence programs throughout the country, even as programs have seen an 88 percent increase in demand for services. This article looks at California, Washington, Texas, Kansas, and Rhode Island. Read more.
Bridges and Budgets
The Washington State bridge collapse two weeks ago revived the debate about funding infrastructure. Part of that discussion includes the C+ rating of U.S. bridges provided by the American Society of Civil Engineers (ASCE), whose report states that "the Federal Highway Administration (FHWA) estimates that to eliminate the nation’s bridge deficient backlog by 2028, we would need to invest $20.5 billion annually, while only $12.8 billion is being spent currently." Another important part of the debate: this Governing analysis of the disparity of bridge upkeep between local and state bridges. Bridges under local jurisdiction are more than twice as likely to be considered structurally deficient as their state counterparts.