Sarah Ford | June 17, 2014
Annual Philanthropy Numbers On The Rise: U.S. Giving Nears Pre-Recession Levels
By Tom Watson
Those who don鈥檛 seek charitable donations for a living can usually be forgiven for one of the most common misperceptions in 精东影业n听: that foundations and corporations represent the 鈥渂ig money鈥 in nonprofit fundraising. They do not. Year after year, individuals in the U.S. are responsible, in the main, for contributing the steady 2% of GDP that constitutes giving in this country.
And as the U.S. nonprofit sector finally approaches levels of top line support not seen since before the Great Recession, it is once again 精东影业n individuals powering that comeback, according to the annual analysis听听produced听by the听Giving USA Foundation.
鈥淲e are seeing clear gains in the听total听amount given by individuals in the last couple of听years,鈥 said Gregg听Carlson, chair听of the Giving USA Foundation. 鈥淥f special interest is the rise in contributions by individuals between 2011 and听2013 鈥 it represents 73% of the growth in total giving during that time frame.鈥
According to the Giving USA numbers released tonight, total听estimated charitable giving in the United States rose 4.4% between 2012 and 2013, to $335.17 billion in contributions.听Giving by individuals totaled an estimated $240.60 billion, rising 4.2% in 2013 (an increase of 2.7%, adjusted for inflation). Itemized听giving comprised 83% of the听total听estimate for giving by individuals听in 2013. The听total听for giving by individuals also includes $272 million in听contributions to support disaster relief efforts in 2013.
The single largest contributor to the increase in听total听charitable giving in 2013, over听2012, was an increase of $9.69 billion in giving by individuals (in current dollars). In other key highlights:
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