Increases in our clients’ grantmaking profiled
GMA Foundations’ Grants 2013 report released
Forty independent and corporate foundations and individual donors working with Boston-based GMA Foundations increased their giving in 2013 to a combined total of $37.3 million, up nearly 20% from the previous year. The philanthropic advisory firm’s newly released report describes the grantmaking reach of its clients, who awarded more than 1,500 grants to 1,100 nonprofits around the world.
Reflecting stronger investment returns, the amount of the average grant increased 9% over the prior year to $23,565. “We look to the nonprofit sector for innovation, agility, and strong connections to the community,” says Phil Hall, GMA’s Director of Grantmaking. “Operating on a small scale, these nonprofit organizations are leading the way to social change, and we are proud to support them.”
Summary: Web-based applications make it easy for foundations to receive and evaluate proposals, help funders communicate with applicants and collect information about how nonprofit organizations make a difference.
