2008 was a good year for many California nonprofit financial management
teams, a recent report finds.
Oakland and East Bay nonprofits received hundreds of millions of dollars from foundations in 2008, the Foundation Center reports in its study, "Key Facts on Foundation Giving for Oakland."
A total of $237 million in grants of $10,000 or more from nearly 1,500 foundations was given during this period, with more than one-third - $86.2 million - given to nonprofits that are based primarily in the Oakland and Easy Bay region.
The Wayne and Gladys Valley Foundation was the top donor, awarding 27 grants worth $15.2 million overall. Awarding a total of $14.8 million over 175 grants, the East Bay Community Foundation ranked second.
Oakland is currently the 44th largest city in the U.S. - ahead of Raleigh, North Carolina - and the seventh largest city in California. Approximately 400,000 people call it home.