Podcast Center
Video Center
Webcasts
Resource Center
Events
June 19, 2013 at 09:22 AM
Americans donated an estimated $316 billion to charitable causes in 2012, according to the annual Giving USA report, released Tuesday.
Gifts from American households and bequests from their estates, corporations and foundations grew 3.5% year-over-year (1.5% adjusted for inflation) in 2012.
The report, issued by the Giving USA Foundation and its research partner, the Indiana University Lilly Family School of Philanthropy, included these findings:
—Giving by individuals rose to $229 billion in 2012, an estimated 3.9% increase (1.9% adjusted for inflation)
—Giving by bequest decreased an estimated 7% in 2012 (8.9% adjusted for inflation) to $23 billion
—Giving by corporations and their foundations rose 12.2% in 2012 (9.9% adjusted for inflation), to an estimated $18 billion in the form of cash, in-kind donations and grants
—Giving by foundations increased 4.4% (2.3% adjusted for inflation) to an estimated $46 billion in 2012, according to Foundation Center figures.
Contributions to arts, culture and humanities organizations rose an estimated 7.8% last year—a sharp contrast to a decline of 17.6% in 2008 and slow growth through 2011.
Charities focused on the environment and animals also saw significant growth in 2012 over 2011, up 6.8%. International giving, which had enjoyed very high growth rates in some recent years, leveled off in 2012 to a 2.5% increase.
The modest increase in charitable giving last year matched the same figurative portrait of 2012’s economic indicators, the report said. Some trends were positive, others were negative, but overall, growth took place.
