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Corporate Philanthropy Increases in 2014

Blog 34 - charitable giving increases

 

 

Charitable giving increased in 2014 – surpassing the pre-recession mark.  Giving USA’s report revealed their new figures for 2014.  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.  Our chart below shows how giving has changed among individuals, bequests, foundations and corporations throughout the last eight years.

 

Charitable Giving Throughout the Years

2006 2007 2008 2009 2010 2011 2012 2013 2014
Individuals  $264.0  $266.1  $235.0  $221.6  $225.8  $225.1  $248.6  $248.6  $258.5
Bequests  $25.7  $27.2  $34.4  $21.1  $25.4  $26.5  $25.4  $24.8  $28.1
Foundations  $41.0  $45.7  $46.4  $45.3  $44.5  $46.1  $47.8  $50.7  $54.0
Corporations  $17.1  $16.2  $13.6  $15.2  $17.2  $16.4  $17.8  $15.9  $17.8
Total *in Billions  $347.8  $355.2  $329.4  $303.2  $312.9  $314.1  $339.6  $340.0  $358.4

Information taken from Chronicle of Philanthropy

2014 GIVING BY SUBSECTOR:

Religion: 32%
Education: 15%
Foundations: 12%
Human Services: 12%
Public-Society Benefit: 7%
Health: 8%
International Affairs: 4%
Arts/Culture/Humanities: 5%
Environment/Animals: 3%
Foundation grants to individuals: 2%

Giving to all sectors except international affairs increased from 2013 numbers, per The Benefactor Group.

Giving USA’s annual report is based on econometric studies using tax data, government estimates for economic indicators, and information from other research institutions. Giving USA is a publication of the Giving USA Foundation and is researched and written by the Center on Philanthropy at Indiana University. The Foundation was established by the Giving Institute (formerly the American Association of Fund Raising Counsel) to advance research and education in philanthropy.

 


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