The Puerto Rico Community Foundation (FCPR, for its initials in Spanish) will be holding the first “Philanthropy Fair” this week, during which various nonprofit organizations will have the opportunity to showcase their work and impact on the community.
U.S. foundations awarded 263 grants totaling $10.5 million between 2007 and 2009 to recipient organizations in Puerto Rico. But despite the island’s higher poverty rate, stateside foundations gave proportionally less to the territory compared to some states with a similar number of Latinos, according to the “Foundation Funding for Hispanics/Latinos in the U.S. and for Latin America,” study conducted by Hispanics in Philanthropy.