Giving USA 2011 Report - Brief Overview

The Annual Report on Philanthropy for Year 2011 by Giving USA was released on June 19th and is the recent hot topic in the philanthropic world.  A slow growth in contributions is found, with $298.42 billion given in 2011.  This is a 4% increase (0.9% adjusted for inflation) from 2010.  Economic growth is an important indicator regarding philanthropy, and the rate of growth to even get back to where it was in 2007 is a concern expressed by experts.  Individuals are being generous but cautious with their charitable gifts.  

Overview:

*Giving by individuals was $217.79 billion – a 3.9 % increase (0.8% adjusted for inflation).  There are several economic indicators that suggest individuals feel more secure with their financial future in 2011, which explains the rise in charitable giving.

 

*Giving by bequest was $24.41 billion – a 12.2% increase (8.8% adjusted for inflation)

 

*Giving by foundations was $41.67 billion – a 1.8% increase (-1.3% adjusted for inflation)

 

*Giving by corporations and corporate foundations was $14.55 billion -- a 0.1% decline (-3.1% adjusted for inflation).  Corporations are becoming more strategic in their giving and forging relationships with organizations that most match their mission. 

 

*Giving to religion was $95.88 billion – a 1.7% decline (-4.7% adjusted for inflation).  There has been speculation that this decline may be associated due to reduced attendance at places of worship. 

 

*Giving to education was $38.87 billion – a 4.0% increase (0.9% adjusted for inflation)

 

*Giving to foundations was $25.83 billion – a 6.1% decline (-8.9% adjusted for inflation)

 

*Giving to human services was $35.39 billion – a 2.5% increase (-0.6% adjusted for inflation)

 

*Giving to health organizations was $24.75 billion – a 2.7% increase (-0.4% adjusted for inflation)

 

*Giving to public-society benefit organizations was $21.37 billion – a 4.0% increase (0.9% adjusted for inflation).  It is important to note that donor-advised funds are included in this section.  Fidelity Charitable Gift Fund, Schwab Charitable Gift Fund, and Vanguard Charitable Endowment Program, the three largest DAF administrators, realized a growth of 77% in average growth of contributions received between 2010 - 2011.  

 

*Giving to arts, culture, and humanities was $13.12 billion – a 4.1% increase (1.0% adjusted for inflation)

 

*Giving to international affairs was $22.68 billion – a 7.6% increase (4.4% adjusted for inflation)

 

*Giving to environmental and animal organizations was $7.81 billion – a 4.6% increase (1.4% adjusted for inflation)

 

*Giving to individuals was $3.75 billion – a 9.0% increase

 

There will be a live broadcast online hosted by the Chronicle of Philanthropy on Friday, June 29th at 12:00 p.m Eastern Stand Time with the topic of “Giving USA: What It Means”.  For more information, please click here.

To purchase the Annual Report on Philanthropy for $45 or to download the Executive Summary for free, click here.

*Facts in this article were obtained from the The Annual Report on Philanthropy for Year 2011 by Giving USA.

 
By: Kristen Schmidt, Marketing Coordinator
 
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