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$1.6 Million in Grants Awarded |
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11/30/2009 12:00:00 AM |
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November 30, 2009
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$1.6 Million in Grants Awarded
Despite headlines telling us that charitable giving is down, the Community Foundation of Broward awarded $1.6 million this quarter. This is an 18% increase over the same period last year.
“Our philanthropists continue to inspire us with their dedication to help others,” observes Barbara Witte, vice president philanthropic services. In fact, according to a recent report by Barclays Wealth, philanthropists consider giving a necessary expense, especially during economic downturns.
Nearly $1 million of these grants came from philanthropists who entrusted the Community Foundation with grant decisions for their Funds. Many remembered the Community Foundation in their estates. Others created Funds in their lifetime. All were compelled to endow gifts for our community’s most pressing needs.
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