Charitable Giving Topped $300 Billion in 2007

"Charitable Giving Topped $306 Billion in 2007”
The Foundation Center, News report
June 23, 2008

New York, NY -- U.S. charitable giving reached an estimated $306.4 billion in 2007, exceeding $300 billion for the first time, a new report from the Giving USA Foundation finds.

According to Giving USA 2008, which is researched and written by the Center on Philanthropy at Indiana University, every type of public charity saw gains in donations received during 2007, while giving to foundations decreased. The report attributes the increase in giving to charity largely to the strong stock market performance in the first half of the year, overall growth in the economy as measured by gross domestic product, and increases in corporate and personal income as reported at the end of the year. ... ©