Robust Giving of 2011 Forecast to Slow Down
|June 19, 2011||Posted by M. P. under Management, News, Philanthropy||
Data from the Philanthromax Atlas of Giving showed a jump in charitable donations in the United States during the spring of 2011. Per a release from Philanthromax LLC, the April 2011 giving figure of $29.5 billion was a 2.4 percent increase from the month prior and a 9.2 percent jump from April 2010. So far, the total charitable giving for 2011 is over 8 percent higher than in 2010.
Unfortunately, Philanthromax forecasts a slowdown in contributions lasting until the year’s end due to gasoline prices, uncertainty around unemployment rates, an increase in fundraising and activities for the 2012 election and deficit-related economic fears. Overall however, 2011 should still be a better year for donations than 2011.
The Philanthromax Atlas of Giving compiles monthly giving reports and forecasts.