Finally, some good news about philanthropy in the wake of the financial crisis!

• Endowments for charitable institutions grew steadily last year, rebounding from the sharp declines of 2008.
• Despite the rebound, many foundations and charities have still cut back on spending and giving.
• Most foundations (55%) gave less in 2009, but a few (16%) gave more.

Facts and Figures

• Hundreds of grant makers saw their investments increase by about 20% this year (compared to a 26% drop in 2008).
• Charities and foundations carry a median debt of over $20 million.
• 38% of charities spent less in 2009, 20% spent more.

Tags: charity, endowment, foundations, philanthropy, recession, recovery