Giving USA 2010: The Annual Report on Philanthropy for the Year 2009 was released this morning. The report details giving trends over the last year and analyzes those results with information from the last couple decades.
For the third year in a row, giving exceeded $300 billion even though overall giving declined 3.6 percent in current dollars. As expected, giving increased in sectors providing services to those most in need: human services, health, and international affairs.
So now that we know what happened last year, what can we anticipate moving forward? The folks at Giving USA say that giving will recover, but it will be slow going. We can expect at least a three- to five-year period until giving returns to pre-recession levels. It was a hard year, but not as bad as we thought. The loyalty of the majority of donors should be applauded.
This year, the Giving USA Foundation is generously offering a free copy of the executive summary for anyone interested. Click here to download it. To order a copy of the full 2010 Giving USA report, click here.
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