Giving Crosses $100 Billion as Foundation Assets Hit a Record
- Private foundations held roughly $1.64 trillion last year
- More of the ultra-rich are setting deadlines for their giving
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Private US foundations surpassed $100 billion in giving for the first time last year as assets surged to an all-time high, according to a report from FoundationMark.
Rich benefactors’ charitable organizations held roughly $1.64 trillion in 2024, up nearly 12% from the prior year, said the firm, which tracks private foundations’ assets and performance. That allowed them to distribute an estimated $105 billion in grants.