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Helping small states. Non-profits in Montana

Some 400 non-profit representatives from across the state will be in town this week for the fifth annual conference of the Montana Nonprofit Association http://www.mtnonprofit.org . One major topic of discussion: How to lure major national foundations to pay more attention — and donate more money — to rural states like Montana.

In a speech earlier this year to the National Council of Foundations, Sen. Max Baucus, D-Mont., said rural states are overlooked by foundations, where he urged to double their grants to states like Montana over the next five years.

Nationally, foundations count more than a half-trillion dollars in assets. They can be established by corporations, individuals or communities and generally provide grants to causes in line with their founders’ or funders’ interests. Because foundations are obliged by the IRS to give away 5 percent or their assets per year, the annual result is more than $30 billion in grants.

By JOHN HARRINGTON – IR Business Editor

Full Story: http://www.helenair.com/articles/2006/09/24/business/e01092406_01.txt

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