Overall giving increased by about $15 billion. Approximately half of that figure was dedicated to relief for Hurricanes Katrina and Rita. That hurricane relief collected a large amount, those who feared that it would cut into other donations can finally exhale knowing that giving increased in all areas.
Here are some of the increases by donor type:
- Individuals: up 6.4% to $199 billion
- Foundations: up 5.6% to $30 billion
- Corporations: up 22.5% to almost $14 billion
Be sure to note that the figure for Individuals still accounts for over 76.5% of total giving. And that does not include Bequests (figure not given in the preliminary release I saw) which are counted separately.
While this report is good news, overall, it's not so for everybody. When adjusted for inflation, Arts and Culture and Health organizations actually saw a decline in donations.
Tags: nonprofits, giving, charities, donations, fundraising, foundations, corporations