When will giving return to pre-recession levels? No time soon.

From the Daily WRAG by Christian Clansky on Jun 18, 2013 12:10 pm

According to the 2013 Giving USA report, donations to charities are continuing to rise – but only at a snail’s pace. If trends hold steady, it will take at least six more years for giving to recover to pre-recession rates. As Mark Medin, head of the UJA-Federation of New York, put it, “While the stock market has recovered…the psychology of giving has not.” More highlights from the Giving USA report include (Chronicle, 6/18):

– Foundations increased their grants by 2.3 percent.
– Bequests fell by nearly 9 percent in 2012, after rising more than 6 percent in 2011.
– Contributions to colleges, universities, and private schools rose by nearly 5 percent, while health organizations raised almost 3 percent more.
– Donations to social-service groups grew by 1.8 percent in 2012, with many groups reporting a slowing of contributions after giving rose sharply in the worst of the downturn
– Religious causes suffered a more than 2-percent drop in donations

Related:
– The Stubborn 2% Giving Rate: Even as more fundraisers seek donations, Americans don’t dig deeper (Chronicle, 6/18)

– Giving Gain, Estimated At $316.23 Billion For 2012 (NPT, 6/18) This article breaks down giving by issue.

 

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