The highly anticipated GIVING USA 2011: The Annual Report on Philanthropy for the Year 2010 was released yesterday. It shows that over $290 billion was given to charity last year. Adjusted for inflation, this is a 2% increase over 2009.
The small increase is hardly enough to help organizations out of the giant hole in donations created by the recession. “Giving USA” noted that the previous two years showed the steepest drop in giving ever recorded in the report’s five decades—a decline of 7 percent in 2008 and 6.2 percent in 2009. That tops the previous record decline from 1974, when the recession caused donations to drop by more than 5 percent. (See how “Giving USA” sharply changed its view of how giving fared in the most recent recession when it released today’s figures.)
An executive summary of the “Giving USA 2011” report’s key findings is available free athttp://www.givingusareports.org. The full report is available from the Web site for $75; it includes two volumes, which are also available separately for $45 each.