The List:  Who’s Giving It Away

 

The new economy is creating a new philanthropy. The Ford Foundation, No. 1 for years, has yielded the top spot to the Gates Foundation (as in Microsoft), while the Packard Foundation (as in Hewlett-Packard) is close to becoming the second largest foundation.

 

Foundation/Location

1999 Assets*

Percent Change**

Bill & Melinda Gates Foundation/Seattle

$21.8

+1,010.6%

Ford Foundation/New York

13.1

+20.2

Packard Foundation/Lost Altos, CA

13.0

+35.4

Lily Endowment/Indianapolis

11.2

-27.2

Robert Wood Johnson Foundation/Princeton, NJ

8.3

+6.9

W.K. Kellogg Foundation/Battle Creek, MI

5.7

-5.6

Pew Charitable Trusts/Philadelphia

4.9

+3.5

MacArthur Foundation/Chicago

4.5

+9.8

Andrew W. Mellon Foundation/New York

4.0

+22.4

Rockefeller Foundation/New York

3.8

+14.6

*in Billions                    ** from 1998

Data: The Chronicle of Philanthropy

 

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