Corporations Giving Less, Individuals Giving More Says New Report

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RUETERS
By Michelle Nichols

NEW YORK --- Donations to charity rose to $298.42 billion last year, but were still $11 billion below a 2007 record as nonprofits battle through the sector's second-slowest recovery from recession in 40 years, a study released on Tuesday said. Giving by Americans increased 4 percent in 2011 compared with 2010, with individual donations accounting for nearly three-quarters, according to the 57th annual report by the Giving USA Foundation and the Center on Philanthropy at Indiana University. Corporate donations remained flat at $14.5 billion last year, foundations made almost $42 billion in grants - an increase of 1.8 percent - while gifts from estates jumped more than 12 percent to $24.4 billion.  [link]

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