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Americans dig deep to give more to charities
Key Excerpts from Article on Website of Christian Science Monitor
Posted: July 12th, 2011
http://www.csmonitor.com/World/Making-a-difference/Change-Ag...
Americans continued to strongly support charitable work with their dollars last year, despite the lingering recession, a new report says. The biggest area of growth in charitable giving was in aiding international causes, such as the earthquake relief efforts in Haiti. Total US charitable giving rose 3.8 percent in 2010 (2.1 percent adjusted for inflation), estimates "Giving USA 2011: The annual report on philanthropy for the year 2010," produced by the Giving USA Foundation and the Center on Philanthropy at Indiana University. The groups estimate that total US charitable giving in 2010 was $291 billion, compared with an estimated $280 billion in 2009. "The environment for philanthropy has been admittedly challenging over the past few years, but one message has come through loud and clear: Charitable giving remains a central part of the American fabric," says a foreword to the report. "Even through a period of economic stress and volatility, Americans have continued to give." Americans give about 2 percent of their disposable income to charitable causes, the report says, a figure that has stayed stable over many years.
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