JBrown@charities.org | June 20, 2011
Rise in Giving Signals Economic Rebound
By Annie Gowen, Monday, June 20, 12:11 AM
An annual report released Monday shows that charitable giving in the United States grew nearly 4 percent last year after two years of steep declines, which some experts say is a sign the economy is slowly rebounding.
Individuals and corporations donated an estimated $290 billion last year, an increase of $10 billion from the previous year, according to the Giving USA Foundation, which has tracked charitable giving in the country since 1956.
Donations to education, health institutions, and arts and humanities organizations were up, while overall corporate donations rose nearly 11 percent, the study found. Amid other more glum economic news in recent days, such as slowing job growth, many found the upward trend encouraging.
“Giving’s back,” said Eric Kessler, managing director of Arabella Philanthropic Investment Advisors, which oversees about half a billion dollars in charitable giving. “Philanthropists are feeling more comfortable with the economy.”
Read the rest of the story at WashingtonPost.com
Get Resources and Insights Straight To Your Inbox
Explore More Articles
Open Position – Application Specialist, Employee Assistance Funds
Position: Application Specialist, Employee Assistance Funds Department: Charitable Grants Reporting Structure: Director, Charitable Grants Employment Type: Part-time, temporary Exemption Status: Non-exempt Location: Remote Overview of…
Open Position – Director of Business Development
Position: Director of Business Development Department: Business Development Reporting Structure: VP, Business Development Employment Type: Full-time Exemption Status: Exempt Location: Remote Overview of the Role: …
Micro-Influencers and Nonprofits: Local Partnerships
What does your nonprofit’s digital presence look like these days? Having a website and social media accounts almost goes without saying, and your team likely…
Get Resources and Insights Straight To Your Inbox
Receive our monthly/bi-monthly newsletter filled with information about causes, nonprofit impact, and topics important for corporate social responsibility and employee engagement professionals, including disaster response, workplace giving, matching gifts, employee assistance funds, volunteering, scholarship award program management, grantmaking, and other philanthropic initiatives.
