Number Percent Total Percent of of Assets of Asset Size Foundations Total (Billions) Total

In 1979 there were approximately 28,000 foundations that spent $3.2 billion for charitable, religious, and other philanthropic purposes. Over $1.7 billion of these expenditures were made by the 490 largest foundations. Of the $6.0 billion in income received by foundations in 1979, these 490 largest foundations accounted for $3.6 billion of this amount. Total assets of foundations were similarly concen-trated. Those with assets of $1,000,000 or more accounted for only 13 percent of all foundations but 90 percent of total foundation assets. The 490 largest foundations accounted for 65 percent of total foundation assets. The largest foundation, the Ford Foundation, had assets of $2.4 billion, which was 7 percent of the total