Wednesday, October 20, 2010

Charities: Donations fall by record amount for top nonprofits

Charities' donations in 2009 fell 11 percent for the largest 400 US charitable groups.
By Associated Press 
 October 18, 2010

A new ranking of the 400 biggest U.S. charities shows donations dropped by 11 percent overall last year as the Great Recession ended — the worst decline in 20 years since the Chronicle of Philanthropy began keeping a tally.

The Philanthropy 400 report to be released Monday shows such familiar names as the United Way and the Salvation Army, both based near Washington, continue to dominate the ranking, despite the 2009 declines. The survey accounts for $68.6 billion in charitable contributions.

An earlier report by the Giving USA Foundation found overall charitable giving declined 3.6 percent last year. That report included giving to private foundations and to smaller charities, while the Chronicle's survey only includes top charities raising money from the public. the rest


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