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- Title
Following the Money: An Analysis of Foundation Grantmaking for Community and Economic Development.
- Authors
Wardrip, Keith; Lambe, William; De Zeeuw, Mels
- Abstract
Grants from foundations, while a relatively small but growing slice of overall philanthropic giving, are an important source of support for local community and economic development. The primary goals in this study were to examine why some metro areas attract more grant capital than others and determine whether the size of the area or its level of distress has any explanatory power. The density of nonprofit organizations and the presence of large, local foundations are shown to be consistently significant predictors of grant receipt. After controlling for these and other factors, analysis indicates that, compared with smaller metro areas, more populous ones receive a greater level of grant capital from the largest foundations. Contrary to expectations, the same is true for places with higher poverty rates.
- Subjects
GRANTS (Money); FINANCING of community development; ECONOMIC development finance
- Publication
Foundation Review, 2016, Vol 8, Issue 3, p51
- ISSN
1944-5660
- Publication type
Article
- DOI
10.9707/1944-5660.1313