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Foundation Growth and Giving Estimates 2003 Preview
The Foundation Centers annual report indicates a notable increase in funding will be seen as foundations’ assets recover. The persistent decline of the stock market in 2002 and into early 2003 is cited as a central reason why foundation giving experienced an overall 2.5 percent decrease in 2003. However, the percentage decline in giving was less than expected considering the loss of more than 10 percent in foundation assets between 2000 and 2002.
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