Sunday, October 14, 2012

The Depression In Charitable Giving Continued In 2011

As reported here:



For the second year in a row, charitable giving barely grew, rising just 0.9 percent after inflation in 2011, according to Tuesday's release of "Giving USA," the annual yearbook of American philanthropy, which found that donations to educational institutions also edged up by 0.9 percent.

The report estimated that the total donated was $298.4-billion. ...


"If we continue to grow at this rate, it will take more than a decade to get back to where we were in total giving in 2007," said Patrick Rooney, executive director of the Indiana University Center on Philanthropy, which compiles "Giving USA." ...


Total charitable giving last year was still 11 percent below what it was in 2007, before the effects of the recession were felt. Donations to charities dropped by a total of 13.4 percent in 2008 and 2009, "Giving USA" said as it released new estimates for contributions in those years.