Animal Production Activities of Foundations

Abstract

The Foundation Directory (1967) lists 6,803 foundations having total assets of $19,927,000,000. There are now over 22,000 foundations with total assets of 20.5 billion dollars and they vary in size from 2 to 3.58 billion (The Foundation Center Annual Report, 1968). Only 13 foundations have assets exceeding 200 million dollars and only 27 have assets of over 100 million. The Center report states “more than 90 percent of all assets are held by less than seven percent of the Foundations.” It lists the 10 largest foundations as The Ford Foundation, The Rockefeller Foundation, The Duke Endowment, The Pew Memorial Trust, W. K. Kellogg Foundation, Charles Stewart Mott Foundation, Bernice P. Bishop Estate, Lilly Endowment, Inc., Carnegie Corporation of New York and Alfred P. Sloan Foundation. As defined in the Foundation Directory (1967) a philanthropic foundation is “a non-governmental, nonprofit organization having a principle fund of its own, managed by its own trustees or directors, and established to maintain or aid social, educational, charitable, religious, or other activities serving the common welfare.”