Attacks, recession take slight toll on charitable giving. (Philanthropy).Total charitable giving dropped 2.3 percent in 2001 when adjusted for inflation, the first decline since 1994, yet still managed to hit $212 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. "Giving USA 2002," Published by the American Association American Association refers to one of the following professional baseball leagues:
"Giving in a falling inwards; a collapse. See also: Giving 2001 fits the pattern that we have seen during previous recessions," says Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. R Arnoult, chair of the AAFRC AAFRC American Association of Fund-Raising Counsel Trust for Philanthropy. "In six of the eight recession years since 1971, giving dropped by 1 to 5 percent when adjusted for inflation. Despite fears last fall that giving might decline precipitously pre·cip·i·tous adj. 1. Resembling a precipice; extremely steep. See Synonyms at steep1. 2. Having several precipices: a precipitous bluff. 3. , the change in giving in 2001 falls within the normal range for a recession." Individuals gave $160.72 billion (75.8 percent of contributions), with bequests accounting for an additional $16.33 billion (7.7 percent of contributions). Corporate charitable contributions charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. totaled $9.05 billion in 2001 (4.3 percent of giving), while noncorporate foundations gave $25.90 billion (12.2 percent). Major national relief funds received a total of $1.88 billion by the end of 2001 -- slightly less than 1 percent of the total $212 billion in contributions for the year. Individual gifts are estimated at $1.25 billion, corporate gifts at $410 million, and foundation grants at $195 million. 2001 Contributions (in millions) By Type of Recipient Organization Religious $80.96 Foundations & Unallocated Giving $25.55 Education $31.84 Health $18.43 Human Services $20.71 Arts. Culture $12.14 Environment $6.41 Public Society $11.82 International Affairs $4.14 SOURCE: AAFRC Trust for Philanthropy/Giving USA 2002 |
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