Charitable Giving Declines, a New Report Finds

The New York Times

June 10, 2009

By STEPHANIE STROM

Charitable giving fell last year by the largest percentage in five decades, according to a new study by the Giving USA Foundation.

Individuals and institutions made gifts and pledges of $307.65 billion, a decrease of 5.7 percent on an inflation-adjusted basis over the $314 billion given in 2007, according to the foundation, a research organization backed by the fund-raising industry.read more >>