Friday, June 19, 2015

Tech entrepreneurs drive growth in arts donations according to Indiana University


Gifts of $200 million and more helped boost Americans’ overall donations to the arts 9.2 percent in 2014, the highest increase in nine categories tracked by Giving USA, an annual report on charitable contributions. The jump, reported by The Los Angeles Times this week, was part of a study compiled by Indiana University’s Lilly Family School of Philanthropy. Giving to all charitable sectors rose 5.5 percent. Estimated gifts to the arts totaled $17.2 billion, according to the report, which said that “the majority of these mega-gifts were given by relatively young tech entrepreneurs.” [link]