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Charitable giving is at a record high. Heres where were donating our money
Key Excerpts from Article on Website of USA Today
Posted: July 1st, 2018
https://www.usatoday.com/story/money/nation-now/2018/06/12/c...
Charitable giving surged to a record high in 2017 as Americans gave more than $400 billion for the first time ever to a wide variety of organizations. Giving jumped 5.2% from last year to an estimated $410.02 billion in 2017, according to Giving USA 2018, the Giving USA Foundations annual report on philanthropy. The report, researched and written by the Indiana University Lilly Family School of Philanthropy, found that giving from all sources grew in 2017. Three of the four sources posted gains of more than 5%: Giving by corporations increased 8%, foundations 6% and individuals 5%. "The increase in giving in 2017 was generated in part by increases in the stock markets, as evidenced by the nearly 20% growth in the S&P 500," said Amir Pasic, dean of the Indiana University Lilly Family School of Philanthropy. Gifts to foundations saw the biggest increase in 2017, rising 15.5%, as large investment returns were the basis for several large gifts given by individual philanthropists to their foundations. The second-largest increase was an 8.7% jump in gifts to the arts, culture and humanities. Religious organizations, however, continue to receive the most charitable support, with contributions rising 2.9% to $127.37 billion. While the overall amount of giving by Americans has risen ... The Chronicle of Philanthropy reports that from 2000 to 2014, the share of Americans donating to charity fell from 66.2% to 55.5%. Many nonprofits have turned their focus to attracting more big gifts.
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