The recession continued to affect how much Americans gave to charity last year, and the triple whammy of Superstorm Sandy, a national election and the looming fiscal cliff may cut how much we donate in the crucial final month of 2012, experts say.
Charitable giving overall increased by $6 billion in 2011, an increase of almost 4 percent from 2010, according to the 2012 report by the Center on Philanthropy at Indiana University. Individuals gave $217 billion, compared with $209 billion in 2010.
“A little less than two years out from the end of the Great Recession, we’re starting to see charitable giving increase modestly each year,” said Geoffrey Brown, executive director of the Giving USA Foundation, which publishes the report.
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(RNS) Charitable giving up, but Sandy and tax changes expected to impact year-end donations
The recession continued to affect how much Americans gave to charity last year, and the triple whammy of Superstorm Sandy, a national election and the looming fiscal cliff may cut how much we donate in the crucial final month of 2012, experts say.
Charitable giving overall increased by $6 billion in 2011, an increase of almost 4 percent from 2010, according to the 2012 report by the Center on Philanthropy at Indiana University. Individuals gave $217 billion, compared with $209 billion in 2010.
“A little less than two years out from the end of the Great Recession, we’re starting to see charitable giving increase modestly each year,” said Geoffrey Brown, executive director of the Giving USA Foundation, which publishes the report.
Read it all.