Report: Charitable giving was down in 2009, though with some bright spots
According to a just-released report from the Giving USA Foundation and the Center on Philanthropy at Indiana University, total charitable contributions fell in 2009 compared to 2008, the second year in row for a decline in overall philanthropy after more than a decade of continuous annual increases for charitable giving. || http://bit.ly/bYnNeE
The Wealth Report is a daily blog focused on the culture and economy of the wealthy. It is written by Robert Frank, a senior writer for the Wall Street Journal and the author of the New York Times bestselling book “Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich.” Criticisms, comment...s and tips can be sent to:firstname.lastname@example.org.
Overall in 2009, charitable giving declined 3.6 percent to $303.75 billion in 2009, down from a revised total of $315.08 billion for 2008 (late-reported large bequests changed the ‘08 numbers).