At Philanthropy Southwest‘s recent event, “Overview of Grantmaking by Private and Community Foundations in Dallas, Texas and the Southwest,” Kathy Jankowski reviewed the findings in Philanthropy Southwest’s 2016 Giving Study (click this link to download the study).
Here were our Top 10 Takeaways from the presentation:
- 31% of the 3,332 grantmaking foundations in Texas are located in the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA).
- Foundations in Houston-Sugarland-Baytown contributed the most in the state … over $1B.
- Between 2009 – 2014, foundations based in DFW increased their contributions by …. 38.7%!!!
- 138 DFW-based foundations contributed over $1 million each in 2014.
- The average Texan who itemizes their charitable contributions supports SEVEN nonprofits … with an average gift of $100 to each. (Yes, that means your donors care about more than just you.)
- Statistics show the hardest grant to get is not the first, nor the third, but the second grant. (i.e. There’s an obsession with novelty among grantmakers … combined with bad stewardship of first gifts by most charities.)
- Why donors give:
– Gift 1: “I was asked.”
– Gift 2: “It seems like a good idea.”
– Gift 3: “I just like it.” (Gut feeling)
- The average grant from a foundation is $40k.
- However … the MEDIAN grant is only $6,500!
- Only 3% of foundations have staff.