# Atlantic made grants of $375 million in 2009 - Link: https://fundraising.co.uk/2010/10/08/atlantic-made-grants-375-million-2009/ - Published: 2010-10-08T09:12:04+01:00 - Author: Howard Lake Atlantic Philanthropies made 401 grants in 2009 totaling $375 million, an average of $935,000 per grant, according to its latest accounts. As well as Ireland, Atlantic makes grants in Australia, South Africa, the United States and Viet Nam. Atlantic is committed to spending the remaining $2.2 billion endowment and completing active grantmaking by 2016. It will become the largest foundation to spend down its endowment, and will close its doors by 2020. ## Advertisement [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/) As of 31 December 2009, Atlantic’s net assets were approximately $2.2 billion, which is net of approximately $814 million already committed to grantees. Atlantic’s endowment consists of a diversified portfolio of ‘absolute return strategies, private equity investments and cash’. The total fund portfolio had a 12.9 per cent return against a benchmark of 9.1 per cent. Altantic also own interests in hotels, resorts, health clubs and retailers through General Atlantic Group Limited (GAGL), a subsidiary. Grants by programme in 2009 were: Ageing: $63 million Children and Youth: $70.0 million Population and Health: $54.8 million Reconciliaton and Human Rights: $56.3 million Founding Chairman: $66 million Policy and Advocacy: $64.2 million www.atlanticphilanthropies.org * **[Lloyds TSB matching scheme opens in Northern Ireland](https://fundraising.co.uk/2010/10/14/lloyds-tsb-matching-scheme-opens-northern-ireland/)**( 14 October 2010) * **[Philanthropy Ireland director steps down](https://fundraising.co.uk/2010/10/17/philanthropy-ireland-director-steps-down/)**( 17 October 2010) * **[New round of Peace 3 applications](https://fundraising.co.uk/2010/10/18/new-round-peace-3-applications/)**( 18 October 2010)