Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Charitable Giving

Atlas of Giving Raises Donation Forecast for Rest of Year

Your article was successfully shared with the contacts you provided.

Nonprofit organizations can expect donors to be more generous this year—good news for the many groups that have been just holding on.

The latest Atlas of Giving forecast indicates that charitable giving in the U.S. will amount to $401 billion in 2013, compared with $369 billion at the end of 2012, an increase of 8.6%.

This year-end estimate is higher than one issued in April. The report attributed the more optimistic outlook to strong economic performance.

Year-to-date charitable giving nationwide totaled $231 billion at the end of July, an increase of 8.5% from 2012, according to the new monthly report.

Donors gave $34 billion in July, up 1.9% from June, and were expected to contribute about the same amount in August.

The new report said religion would remain the largest giving sector this year, despite a one percentage point drop to 35% overall from 2012.

Education is the next biggest sector at 16%.

Nature/environment, the smallest sector at 2%, will enjoy the sharpest increase in donations in 2013, up 12.7%.  


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.