Skip to comments.Charitable Giving Hits a Record High, Thanks to the Wealthy
Posted on 06/16/2014 10:40:40 PM PDT by Citizen Zed
Total giving by individuals, companies and foundations hit a record $335.17 billion last year, driven mainly by wealthy individuals, according to the annual report from Giving USA Foundation and the Indiana University Lilly Family School.
That was above the 2007 pre-crisis peak of $311 billion and above last year's previous record of $320 billion.Total giving rose $14.2 billion in 2013, marking a 4.4 percent increase in inflation-adjusted growth, the report said.
"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, president of Henderson, Nevada-based Carlson Fund Raising and chair of Giving USA Foundation. "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 growth in giving, however, lagged the gains in the stock market last year and the advances made by top earners.
Household wealth in the U.S. also hit a record $80.7 trillion in 2013, up 44 percent from the 2009 trough, according to the Federal Reserve. Giving USA said charitable giving has grown 22 percent since the end of the recession in 2009. On an inflation-adjusted basis, the gains in giving from 2009 to 2013 were only 12.3 percent.
Carlson said the difference between gains in giving and in stocks last year growth of 4 percent compared to 30 percent casts doubt on the common assumption that the pace of giving is tied to the stock market. Giving, he said, also depends on GDP growth, personal income and consumption, which grew more slowly last year.
(Excerpt) Read more at nbcnews.com ...
I bet Biden contributed a cent or two
I wonder if Clinton is still donating his underwear at $5 a pop?
I have heard that conservatives give more to charity than liberals. When comparing people of the same income levels, the conservatives contribute much more.
That’s what I have heard. Whether there are official studies or statistics, I don’t know. I’m sure that liberals would demand to see proof if you tell them something like this.
But it makes sense. Liberals think that government should perform all human services and charitable type functions. Whereas conservatives put money where their mouth is, and contribute to the charities of their choice.
He still has a back-catalog of Monica’s. Gotta make money somewhere since Cankles’ latest pack of lies isn’t selling.
“Charitable Giving Hits a Record High, Thanks to the Wealthy”
NBC revelation number 253.
“...since Cankles latest pack of lies isnt selling.”
But based on the square footage, I bet she could get $10 for HER undies!