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Inflation is also playing a role, eroding assets and the value of foundation giving; assets have not grown since 2000, after adjustment for inflation.
Still, it was not as severe as the center predicted last year, based on the sharp loss in the value of foundation assets.
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In a wider sense, it is also our hope that this award helps to demonstrate the value of foundations to society, particularly at a time when government funding is under severe strain.
That return brought the value of the foundation to $36.9 billion.
The return brought the value of the foundation to $36.9 billion, from $34.9 billion.
Given the recent turmoil in the stock market, producing strong enough returns to generate money to give away as well as increasing the value of the foundation may be getting even more challenging.
Mr. Simon-Whelan maintains that beyond his case the foundation and board have conducted a 20-year conspiracy to inflate the prices for Warhol works — and thus the value of the foundation's holdings — by denying the authenticity of a certain number as a way to create artificial scarcity.
This month, Mr. Broad told The Los Angeles Times that the value of his foundations had declined by 18percentt in the recent financial market turmoil.
Much of the rise in giving nationwide is a result of the soaring value of foundation endowments, which reached $385 billion at the end of 1998, the latest figure available, according to the center.
The value of the Gates foundation's endowment fell by a fifth during the 2008 banking crisis, although Raikes says the foundation did not cut its grant-making during the downturn, and its finances have recovered since.
Years after David Packard's death, his daughters, who were serving on the David and Lucile Packard Foundation board at the time, were asked by then foundation President Cole Wilbur to make a presentation to the staff about the values of the foundation.
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