US Charitable Giving Down
Tuesday, 2nd October 2012 at 10:12 am
A new report shows charitable giving in the US has decreased. Photo: tvtropes.org
Charitable giving in the US has decreased overall in recent months but online giving continues to grow, according to the latest statistics from Global software technology giant, Blackbaud.
The Blackbaud Index of Charitable Giving, a broad-based fundraising index that reports overall giving trends of 2,878 US-based Not for Profit organisations representing $8 billion in yearly giving on a monthly basis, reports that charitable giving decreased 3.4% for the three months ending August 2012 as compared to the same period in 2011.
Blackbaud says throughout 2012, charitable giving growth has been limited to single digits with a slightly downward trend, but this is the first time since March 2011 that giving has been negative.
Blackbaud says this was due to the spike in disaster giving related to Haiti relief work during the same period in 2010.
The Blackbaud Index of Online Giving, comprised of actual revenue data from 1,978 NFPs representing $406 million in yearly online giving, reported that online giving rose 2.4% for the three months ending August 2012 as compared to the same period in 2011.
It says high levels of giving to International Relief organisations in 2011 in response to a record number of natural disasters impacted the Index of Online Giving.
The report says excluding International Relief organisations, online giving was up 7% for the three months ending August 2012.
The Blackbaud Index of Charitable Giving and The Blackbaud Index of Online Giving are based on a three-month moving average of year-over-year percent changes in US-based charitable giving.
To download the report go to www.blackbaud.com/blackbaudindex.