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News & Press: National Philanthropy News

Charitable Giving Rises Past Prerecession Mark

Tuesday, June 16, 2015   (0 Comments)
Posted by: Buffy Beaudoin-Schwartz
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June 16, 2015

New York Times

Charitable giving rose for the fifth year in a row in 2014, rebounding past a prerecession peak to an estimated $358 billion, according to an annual report from the Giving USA Foundation.

The report, "Giving USA 2015: The Annual Report on Philanthropy for the Year 2014,” shows that contributions rose in all categories — individuals, corporations, foundations and bequests — making up for ground lost during the economic downturn. After reaching $355 billion in 2007, giving dropped 15 percent to $303 billion in 2009, according to the Giving USA data, which is figured in inflation-adjusted dollars.

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