Charitable Contributions Breakdown
LeadershipIt’s always interesting to see where charitable contributions come from as you view the statistics from the Giving USA report. Here is the breakdown:
Where The Money Comes From
* Individual Giving – $229.3 Billion – 75% of the total in 2008
* Foundation Grants – $41.2 Billion – 13% of the total
* Charitable Bequests – $22.7 Billion – 7% of the total
* Corporate Giving – $14.5 Billion – 5% of the total
Ok, where the money comes from is interesting, but where do those charitable dollars actually go? Here is the eye-opening breakdown by category for 2008:
Where The Money Goes
* Religion – $106.9 Billion – 35% of the total in 2008
* Education – $40.9 Billion – 13% of the total
* Foundations – $32.7 Billion – 11% of the total
* Public-Society Benefit – $23.9 Billion – 8% of the total
* Health Organizations – $21.6 Billion – 7% of the total
* International Affairs – $13.3 Billion – 4% of the total
* Arts/Culture/Humanities – $12.8 Billion – 4% of the total
* Environment/Animals – $6.6 Billion – 2% of the total
(The remainder of dollars given were not categorized in the summary provided by the report.)
This is the second year that giving to religion has exceeded $100 billion. Religious gifts account for an estimated one-half of all individual giving, not counting gifts made through bequests (5.6 percent) or family foundations (about 3 percent).