Wednesday, September 12, 2012

Nonprofit Donations Seem to Be Recovering from the Recession:: ::: September 11, 2012 — While many nonprofits nationally are still recovering from the Great Recession and say they are having difficulty raising fund from affluent donors, a number of the largest charitable institutions in the Boston area say their donations have recovered to pre-recession levels.

Recently released data from the Internal Revenue Service shows that people of every income level wrote off $158-billion in charitable donations in 2009 and $172-billion in 2008, according to a report in The Chronicle of Philanthropy. Specifically:

Giving by people earning $200,000 a year or more fell by $31 billion from 2007 to 2009.
Those who earned under $100,000 dropped their contributions by $4 billion.

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