Foundation giving produces $8 for every $1, says study by Philanthropic Collaborative

Giving by foundations supports the economy of the US, with $1 of every philanthropic contribution producing more than $8 in ‘direct, economic welfare benefits’, says a new study. According to the study by the Philanthropic Collaborative, the $42.9 billion the country’s 70,000 or so philanthropies awarded in 2007 produced $368 billion of economic benefits.

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