Americans dig deep to give more to charities
Though still far below 2007 levels, charitable giving in the US rose 2.1 percent in 2010.
Americans continued to strongly support charitable work with their dollars last year, despite the lingering recession, a new report says. The biggest area of growth in charitable giving was in aiding international causes, such as the earthquake relief efforts in Haiti.
Total US charitable giving rose 3.8 percent in 2010 (2.1 percent adjusted for inflation), estimates "Giving USA 2011: The annual report on philanthropy for the year 2010," produced by the Giving USA Foundation and the Center on Philanthropy at Indiana University.
The groups estimate that total US charitable giving in 2010 was $291 billion, compared with an estimated $280 billion in 2009. The organizations said they had lowered their previous 2009 estimates after reviewing their methodology.
US charitable giving peaked at $326.57 billion in 2007, a total that would not be reached again for several years if current growth rates continue.
Considering the shock of the recession, "[T]his is a remarkable testament to the core values of Americans, especially when you look at stuff like housing values,” Patrick Rooney, executive director of Indiana University’s Center on Philanthropy, told the Chronicle of Philanthropy.
"The environment for philanthropy has been admittedly challenging over the past few years, but one message has come through loud and clear: Charitable giving remains a central part of the American fabric," says a foreword to the report. "Even through a period of economic stress and volatility, Americans have continued to give."
Americans give about 2 percent of their disposable income to charitable causes, the report says, a figure that has stayed stable over many years.
Among the report's other highlights: