Wednesday, June 18, 2014

American Generosity Keeps On Growing

Another day, another milestone reached in the realm of "since the recession": Total charitable giving reached $335.17 billion in 2013, according to the new annual report from Giving USA. That's the biggest that number has been since 2007, when it was at $349.5 billion.

On average U.S. adults donated $1,016 apiece in 2013, while each household donated an average of $2,974. In the last decade, total giving has increased by $34.6 billion in inflation-adjusted dollars. Since the recession ended, charitable contributions have gone up by 12.3 percent.

Last year's figure was an increase of 4.4 percent over 2012, and included an increase of  $9.69 billion in gifts made by individuals over 2012. That increase of 4.2 percent in giving from individuals was the single largest contributor to the increase in gifts.

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