Report: Giving Rose 3.2% Last Year

Individual giving rose by just 1.5%, the slowest rate in five years. Contributions to religious groups increased by 0.9%.

Reprinted with permission of TheChronicle of Philanthropy.

Charitable giving increased by 3.2% in 2000, to an estimated $203.5 billion after adjusting for inflation, the lowest rate of increase in five years, according to a report released Wednesday.

Chart: Where the Money Goes

A look at charitable contributions in 2000, by type of recipient organization.
Giving to charities increased $6.3 billion in inflation-adjusted dollars to a record high, but giving grew at less than half the pace of 1999, according to Giving USA 2001, an annual survey on the state of philanthropy.

Advertisement

The report, published by the American Association of Fundraising Counsel, in Indianapolis, shows that giving slowed among all donors. But hardest hit was giving by individuals and bequests. Individual giving grew just 1.5%, after adjusting for inflation, to $152.1 billion, the slowest gain in five years and far below the 10.5% rise in 1998, when giving by individuals hit a 13-year high.

Bequests fell 0.7% to $16.0 billion, off sharply from the 12.1% gain in 1999.

Giving by foundations grew 15.7% to $24.5 billion, down from a 17.8% gain in 1999. Corporate giving rose by 8.4% to $10.9 billion, down from a 12.1% rise in 1999.

Did you like this? Share with your family and friends.
comments powered by Disqus
Related Topics: Love Family, Charity Service

Advertisement

Advertisement

DiggDeliciousNewsvineRedditStumbleTechnoratiFacebook