Foundation Source’s 2021 Report on Private Foundations – Grantmaking studied 1,157 foundations with <$50 million or less in assets and provides a year-over-year analysis of grant size, timing and locations across 2019 and 2020,along with insights on advanced grantmaking activities and financial inflows and outflows.

The report found that the private foundations studied collectively funded approximately 1,000 more grants and disbursed $15 million more than in 2019, an average of $339,032 per foundation.