A new report indicates that foundations in the U.S. ponied up a record amount for grants supporting the LGBT community in 2011.
In Lesbian, Gay, Bisexual, Transgender and Queer Grantmaking by US Foundations, the groupFunders for LGBTQ Issues reports that funding grew by 27% and hit a high of $123 million. The organization says that bump “far outpaced” the overall increase in grantmaking, which was only 2.2%.
- LGBT grantmaking to international organizations increased by 50%, from $19 million to $28.5 million, accounting for nearly one-third of the total increase in LGBT funding.
- Grantmaking for trans groups rose by 63%, from $3 million to $5 million.
- Children and youth received 16% of all LGBT grant dollars, the largest of any sub-section.