Foundation grants seen fueling economy � Philanthropy North Carolina

Foundation grants seen fueling economy � Philanthropy North Carolina: Grantmaking by U.S. foundations has big short-term and long-term impacts on the economy, a new report says.

Foundation grants totaling $37.85 million in 2010 generated nearly 500,000 jobs immediately, a total that grew to nearly 1 million within a year and to at least 8.8 million over the long-term, says the report by The Philanthropic Collaborative.