News Archive

12/14/04 - Giving in Maryland on the Rise

Although the assets of the 1,376 foundations in Maryland declined by 5.9 percent to $9.1 billion during 2002, giving rose by 3.6 percent to $646.8 million, according to State of Foundation Giving in Maryland. The report, the first in a series documenting charitable giving in the state, also found that foundations support human services more than any other issue, and more than one-third of their donations benefited Maryland-based groups.

The study also noted tremendous growth in the number of foundations, as nearly half of Maryland's foundations are less than 10 years old. Download the report (PDF): http://www.abagmd.org/usr_doc/State_of_Giving_FINAL.pdf .

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