Many charities saw an average increase in donations of 2.1 percent in 2010 when adjusted for inflation, according to Giving USA report, which was released by the Giving USA Foundation in June 2011. The increase marks the end of our nation’s first ever back-to-back years for decreases in charitable giving (2008 and 2009) since tracking began in 1954.
Among the findings of the report*:
- “Giving to international affairs,” which included humanitarian groups like those who helped after the 2010 Haiti earthquake, saw the largest increase with a 13.5 percent spike in donations.
- Two areas experienced a slight decline in charitable giving: “environmental and animal organizations” by 2.3 percent and “foundations,” which experienced an estimated 1.8 percent decrease.
- “The 2.1 percent increase in inflation-adjusted giving suggests a promising future for charitable giving in the coming years, given that the “Great Recession” was the worst recession on record since the Great Depression. However, the slow recovery of the economy will certainly impact just how quickly charitable giving will rise to pre-recession levels,” the executive summary stated.
*All statistics cited in this report were adjusted for inflation.