Charity Holds Its Own In Tough Times: 2002 Charitable Giving Nears $241 Billion Georgia Firm Comments.Business Editors ATLANTA--(BUSINESS WIRE)--June 23, 2003 Americans contributed $240.92 billion to non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. in 2002, a one percent increase in dollars given over 2001 despite challenging economic times, 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. research findings in Giving USA. Released today, the report answers many questions about how charitable giving fared in a year of war and recession. Giving USA is published annually by the American Association American Association refers to one of the following professional baseball leagues:
consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Alexander Haas Martin & Partners, Inc.) shares insight into the most pressing trends with the Atlanta philanthropic community. "Giving is directly related to the state of the economy: We've seen giving in a falling inwards; a collapse. See also: Giving 2002 buoyed in part by gifts of cash, real estate and tangible property tangible property n. physical articles (things) as distinguished from "incorporeal" assets such as rights, patents, copyrights, and franchises. Commonly tangible property is called "personalty. , other than corporate securities," she says. "The generosity of Americans is still strong." After contribution figures are adjusted for inflation, giving in 2002 decreased by only one half of one percent (.05) compared to 2001. "People may be surprised to see that the largest increase is in corporate giving," said G. Douglass Alexander, a board member of the American Association of Fundraising Counsel (AAFRC) and president of AHM&P. "These numbers reflect payment of '9-11' commitments made in previous years, as well as the recent growth of the gross national product - an important factor in determining the estimates." "With more than 1.4 million charities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including religious congregations, and donations from about 70 percent of American households in any given year, findings from Giving USA are a major contribution to our understanding of the non-profit sector The nonprofit sector, also called the third sector, civic sector or voluntary sector, is a third area of an economy, distinct from the public sector and the private sector. It is made up of all of the non-profit organizations in the economy. and its role in our society," said 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. Arnoult, CFRE CFRE Certified Fund Raising Executive CFRE Circulating Fuel Reactor Experiment (Oak Ridge) , chair for the AAFRC Trust. "These findings show that Americans continued to give in 2002, demonstrating their support for a wide range of organizations and their future work." Note to Editors: Useful statistics and details follow. Additional charts and graphs are available at www.ahmp.com. KEY POINTS FROM GIVING USA 2003 -- The one percent rate of growth in giving in 2002 was higher than the 0.5 percent increase in 2001. The estimated growth in giving is mirrored by reported charitable revenue at non-profit organizations in 2002. The Giving USA survey indicated that 49 percent of non-profit organizations reported an increase, 46 percent reported a decrease and five percent reported no change in charitable revenue in 2002 when compared to 2001. -- In spite of the recession and war, 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. in 2002 stayed above the 2.0 percent of Gross Domestic Product (GDP GDP (guanosine diphosphate): see guanine. ). Giving at this level was the standard in the 1960s, but dropped below the 2.0 level in the early 70s, and only reached that level again in the last five years. -- Four sources of giving are tracked by Giving USA: gifts from living individuals; gifts made through bequests; gifts from corporations and corporate foundations; and grants from foundations. The breakdown of contributions for 2002 by source is as follows:
SEGMENT ESTIMATED % OF CHANGE CHANGE,
GIFTS TOTAL FROM ADJUSTED
2002 2001 FOR
GIVING INFLATION
----------------------- ------------ --------- -------- ----------
Individual Donors $183.73 76.3 +0.7 -.09
billion percent percent percent
----------------------- ------------ --------- -------- ----------
Bequest Giving $18.1 7.5 +.02
billion percent percent +.04
----------------------- ------------ --------- -------- ----------
Corporate Giving $12.1 5.1 +10.5 +8.8
including grants made billion percent percent percent
by corporate
foundations
----------------------- ------------ --------- -------- ----------
Foundation Grants $26.9 11.2 -1.2 -2.7
including billion percent percent percent
independent,
community, and
grantmaking operating
foundations
----------------------- ------------ --------- -------- ----------
ABOUT US Alexander Haas Martin & Partners Strategists in Philanthropy, Atlanta-based fund-raising consulting firm Alexander Haas Martin & Partners, Inc., directed the fund-raising campaign Noun 1. fund-raising campaign - a campaign to raise money for some cause fund-raising drive, fund-raising effort crusade, campaign, cause, drive, effort, movement - a series of actions advancing a principle or tending toward a particular end; "he supported to bring the 1996 Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. to Atlanta. AHM&P traces its roots back to 1954 when the late Mrs. Leonard (Be) Haas launched Grizzard & Haas, which soon became the leading fund-raising consulting firm in the Southeast. AHM&P knows what it takes to be successful in today's competitive philanthropic marketplace, and has over a 95 percent success rate in hundreds of campaigns. With senior staff averaging more than 20 years of experience, AHM&P serves non-profit institutions with comprehensive services ranging from development audits and campaign strategy studies to full campaign direction. The AAFRC Trust For Philanthropy and Giving USA The American Association of Fundraising Counsel (AAFRC) was founded in 1935 to advance professional and ethical standards in philanthropic fund-raising consulting and to promote philanthropy in general. In 1985, the AAFRC Trust for Philanthropy was incorporated to carry out and expand a number of the public service goals of AAFRC. Today the Trust publishes Giving USA, the annual yearbook on American philanthropy, and supports research and education. (Giving USA was first published by AAFRC in 1955 as a public service.) The AAFRC continues to provide financial support, expertise and leadership to the Trust and works in partnership with it to advance philanthropy and promote ethics in the fund-raising profession. Alexander Haas Martin & Partners, Inc. is proud to be financial supporters of the Trust. The Center on Philanthropy at Indiana University Indiana University, main campus at Bloomington; state supported; coeducational; chartered 1820 as a seminary, opened 1824. It became a college in 1828 and a university in 1838. The medical center (run jointly with Purdue Univ. The AAFRC Trust contracted with the Center on Philanthropy at Indiana University to research and write Giving USA. The Center is the largest and most comprehensive academic center dedicated to the study of philanthropy and non-profit management. Created in 1987 to increase understanding of philanthropy and improve its practice, the Center now engages more than 45 faculty members in 21 disciplines to conduct research and teach about the field. NOTE TO EDITORS The complete Giving USA 2003 report, with data covering giving in 2002, will be available in July 2003 by calling 1-888-5-GIVING (1-888-544-8464) or online at http:www.aafrc.org. Also, archive data for 1971-2002 is available upon request. |
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