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Suite Talk: Sunil Garga, president and CEO of Foundation Source

"Private foundations provide incredible tax breaks.," said Garga.

Grants from private foundations up 9 percent in 2012

More than 700 private foundations surveyed by a Fairfield firm made grants at more than twice the rate required by federal law in 2012.

Report: Grant-making increased, despite economy

Despite the economic fallout of the 2008 financial crisis, the total value of grants made by private foundations increased 4.5 percent between 2008 and 2011, according to a Nov. 8 report published by The Foundation Source.