Foundation Giving Priorities Shift in Gulf Coast Hurricane Response, New Foundation Center Report Finds

New York, August 27, 2009 — Private and community foundations awarded an additional $125 million in grant support for Gulf Coast hurricane recovery and rebuilding efforts between January 2007 and mid-2009, according to Giving in the Aftermath of the 2005 Gulf Coast Hurricanes: Profile of the Ongoing Foundation and Corporate Response (2007-2009), an update of the Center's earlier study. Since 2005, the Center has tracked nearly $1.3 billion in grants, program-related investments, and corporate in-kind gifts from foundations, corporations, and other institutional donors in response to Hurricanes Katrina and Rita.