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Slovak foundations share more wealth

CHARITABLE foundations in Slovakia gave out Sk884 million (€26.7 million) in grants last year, an increase of more than Sk180 million.

Education was the cause supported most often, according to a report from the Fórum Donorov (Donors Forum) umbrella group of grant organisations that was released on November 14.

There were 338 foundations registered in Slovakia in 2006, 28 of which were launched that year.

Slovak foundations' incomes rose to Sk1.23 billion last year, and expenditures were Sk1.44 billion.

The Donors Forum did not receive the annual reports from individual foundations until the late summer, so it was late publishing the report, said the group's executive director, Lenka Iľanovská.

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