Private foundation revenue up 22% in 2020
Total revenue received by private foundations rose nearly 22% between 2019 and 2020 while the number of private foundations increased by less than 1%, according to Internal Revenue Service statistics published recently. Total revenue jumped from $141.7 trillion in 2019 to $171.3 trillion in 2020, while the number of foundations edged up very slightly, from 103,299 in 2019 to 103,968 in 2020.
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