Better economy in 2010 stimulated the Foundation grants

Economic recovery helped most foundations Pittsburgh distribute more grants in 2010.

Giving by foundations decreased in 2009, as the failure of financial markets took their toll on investment funds.

"The Foundation annual grants budget is a reflection of its Endowment," said Kristy Trautman, Executive Director of the Foundation FEDERATION INTERNATIONALE DU SPORT AUTOMOBILE, which increased its grant last year to $ 1.2 million from $ 885,000 in 2009. FISA stating the objectives of the programmes for women, girls and people with disabilities.

Again holding the highest place among the foundations have been Richard King Mellon Foundation, which raised prospects of 50 per cent of the payment, 87.9 million dollars from the $ 58.3 million in 2009. Dollar amount of the grant of the Foundation fell by 12% in 2009 compared with 2008.

Among his largest grants last year: 4 million USD to the University Park help tangerines were Downtown YMCA building in the Centre of students and the convocation; $ 2 million to a by-product for the conservation efforts in Elk County; and 2.4 million dollars to the innovation Works, the Organization for economic development.

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While King Richard Mellon Foundation giving mainly focused on a variety of reasons around the southwestern Pennsylvania, some large foundations offer elsewhere.

The Bank of New York Mellon, for example, has its headquarters in New York and major operations in Pittsburgh. It distributed grants to 35 million dollars last year, but this number includes support organizations around the world, "said Lane Cigna, Bny Mellon spokesman.

Bayer USA Foundation, based in the headquarters of the U.S. Bayer in Robinson, also develop its payments last year, 6.8 million dollars from 4.9 million dollars in 2009. However, the increase was mainly driven by the subsidies granted by Bayer HealthCare for patient assistance programs, said Rebecca Lucore, Executive Director of the Foundation. Bayer HealthCare has no operations locally.

Inequalities in the award by the Foundation, Pittsburgh, 33.7 million USD in 2009 to $ 40.5 million last year, was the result of several factors, "said John Ellis, spokesman for the Foundation.

Last year, the Pittsburgh Foundation merged with the Community Foundation of Westmoreland County, accounting for slightly more than 1 million dollars in subsidies paid out.

The total reflects well, giving organizations the Foundation's support, which are private funds initiated by individuals or families, which are usually anonymously, in the framework of the Foundation.

For example, Charles Kaufman, a local engineer, who died last year and left the Foundation gift of 50 million dollars in its possessions, years before his death he established funds for the Foundation, which have already been distributed to research, health care and education causes.

First published on March 22, 2011 12: 00 am

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