Pennsylvania Foundations Rank Third in Assets, Grantmaking up 86 Percent

According to the first comprehensive study of philanthropy in Pennsylvania, foundations in the state rank third in the nation in terms of total assets, in part because the number of foundations statewide increased throughout the 1990s, the Pittsburgh Post-Gazette reports.

Commissioned by Grantmakers of Western Pennsylvania, Community Foundations for Pennsylvania, and Delaware Valley Grantmakers, the study, "Common Wealth: Giving in Pennsylvania," found that the combined assets of Pennsylvania foundations totaled $28 billion in 1999, trailing only those of foundations in New York ($82 billion) and California ($66 billion). The study also found that the number of grantmaking foundations in the state increased some 77 percent from 1992 to 1999, to 3,005.

Over the same period, grantmaking by Pennsylvania foundations grew to almost $1.4 billion, an increase of 86 percent. The largest foundation in the state in the most recent year of record was the Philadelphia-based Pew Charitable Trusts, which awarded a total of $211 million in grants in 1999, followed by the St. Davids-based Annenberg Foundation at $133.5 million and the Pittsburgh-based Richard King Mellon Foundation at $87.3 million. The Pittsburgh-based Alcoa Foundation was the state's largest corporate giver in 1999, awarding some $17 million in grants, while the Pittsburgh Foundation, which disbursed more than $17.5 million in 1999, ranked as the largest community foundation in the state.

In addition, the study found that Pennsylvania foundations gave more than the national average to programs and organizations in the fields of education, environment, animals, civil society, and arts and culture, while grantmaking by the state's foundations in the areas of health, human services, international affairs, and science and technology fell below the national average.

To view the complete report, visit: http://www.dvg.org/commonwealth/index.html

Steve Levin. "State's foundations rank third in assets" Pittsburgh Post-Gazette 10/29/2001.