The new Giving USA report, presenting 2012 national charitable giving estimates, finds giving continues to grow slowly, following the growth of the economy. Since the drops in giving in 2008 and 2009, the trend has been slow but steady growth. Total 2012 charitable giving by individuals, foundations, bequests, and corporations is estimated to be $316 billion, a 1.5 percent increase in inflation-adjusted dollars.
While the economy appears to be the strongest factor in charitable giving changes, public policy uncertainties may have had an effect on larger individual donors in 2012. In response to the debate about the future of the charitable deduction, individual donors likely either bumped up giving by “pre-paying” 2013 gifts to be sure to take advantage of the credit or did not donate in case deductions for large gifts didn’t carry over into future years.
2012 quick stats:
- $316 billion: total charitable giving by individuals, foundations…
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