Foundation Giving in Colorado Totaled $803 Million in 2013
Grantmaking by foundations in Colorado reached a record $803 million in 2013, up 11 percent from 2012 and 150 percent over the past decade, a report from the Colorado Association of Funders finds.
Produced in partnership with Foundation Center, the report found that foundation giving in Colorado far outpaced giving in seven other Mountain region states, with Nevada ($324 million) and Arizona ($281 million) coming in a distant second and third. The largest share of Colorado's foundation grant dollars were made in support of health (33 percent) and education (31 percent), followed by human services (11 percent).
The report also found that Colorado's more than thirteen hundred and fifty foundations held over $12 billion in assets in 2013 and accounted for 19 percent of the $4.2 billion in total philanthropic giving in the state. Giving by individuals made up 78 percent of total giving, while bequests accounted for 2.5 percent.
"This is the time when Colorado's charitable organizations depend on year-end donations of any amount, so it's heartening to see that Coloradans continue to give," said Joanne Kelley, executive director of Colorado Association of Funders. "We're also pleased to report that overall foundation giving continues to expand to record levels after several bumpy years following the Great Recession."
