Charitable Giving Declines Again

Giving USA releases the 2009 Annual Report on Philanthropy

read the executive summary here
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Wall Street Journal

by Shelly Banjo

June 9, 2010

Faced with continued economic uncertainty, Americans cut back on their charitable giving again last year.

For the second year in a row, philanthropy has seen the deepest decline ever recorded by the Giving USA Foundation, which has tracked annual giving since 1956.

Donations fell 3.6% to $303.75 billion last year, down from $315 billion in 2008, according to the latest Giving USA study, released Wednesday. In 2008, they were down 2%. Click here to continue reading at WSJ.com.