Even Giving Away Money Carries a Cost.

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Author: W. P. B.

Section: Informer

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Even Giving Away Money Carries a Cost

These large private foundations list $1 or more in overhead for every $3 they hand out as grants.


Legend for Chart:

A: FOUNDATION | LOCATION
B: GRANTS ($MIL)
C: ADMINISTRATIVE COST AS % OF GRANTS

                 A                                 B         C

Commonwealth Fund | New York, N.Y.                $15       60%

El Pomar Foundation | Colorado Springs, Colo.      13       59

Northwest Area Foundation | St. Paul, Minn.        16       58

William T. Grant Foundation | New York, N.Y.       10       48

Jack Kent Cooke Foundation | Lansdowne, Va.        10       46

Baptist Community Ministries | New Orleans, La.     7       38

Koret Foundation | San Francisco, Calif.           20       36

Lannan Foundation | Santa Fe, N.M.                 14       33

Source: The Chronicle of Philanthropy.

PHOTO (COLOR)

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By W. P. B.

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