TAMPA, Florida (December 18, 2015) — Giving by Florida’s foundations reached a record-high $1.5 billion in 2013, increasing 15 percent from the previous year and 50 percent over a 10-year period, according to a new report by Florida Philanthropic Network, Florida’s statewide association of grantmakers. When adding in giving by individual Floridians, charitable giving in Florida totaled $16.3 billion.
The FPN report, which was produced in partnership with Foundation Center in New York City, provides an updated portrait of the size and scope of charitable giving in Florida. The report found that the charitable assets of Florida foundations have surpassed their pre-recession peak, totaling a record-high $24.8 billion in 2013 — a 20 percent increase from the previous year.
Other key findings in the report:
- Florida’s more than 5,300 grantmaking foundations devoted the largest share of their grant dollars — 19 percent — to education, followed by health (12%) and human services (11%).
- More than half — 57 percent — of Florida grantmakers’ 2013 grant dollars went to recipients located outside the state, continuing a long-term trend.
- Miami-Dade County was home to the largest-share of foundation assets (28 percent) and foundation giving (25 percent) of any Florida county.
- Florida grantmakers devoted the largest share of their grant dollars — 32 percent — to general operating support, nearly double the national average.