New giving data strikes optimistic note

2013_giving_usa_book_cover_imageIndividual donors continue to power gains in charitable giving, with overall contributions approaching their pre-recession high, according to annual Giving USA data released this week.

“While this has been a particularly slow recovery, many charities are beginning to see the light at the end of the tunnel,” said L. Gregg Carlson, chair of Giving USA Foundation, which publishes the report.” Donors are increasingly more comfortable giving to the causes they care about and at a level in keeping with the impact they would like to make.”

The report showed an increase of $9.69 billion by individuals in 2013. Giving by foundations rose an estimated 5.7 percent, the third consecutive annual increase.

In all,  U.S. individuals, corporations, foundations and bequests combined to contribute more than $335 billion, up 4.4 percent, to charitable organizations last year. 

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