I’ve pulled out five interesting facts that might get overlooked in all the fuss about the high level findings.
2. Total charitable giving was 2% of Gross Domestic Product in 2010 and this is a decline from the level of 2.3% seen in 2000 and 2005.
3. There are 1,280,739 registered 501(c)(3) organizations with the Internal Revenue Service. But in June 2011, 275,000 nonprofit organizations lost their tax-exempt status for failure to file legally required documents for three consecutive years.
4. Family foundations provided approximately 48% of all grants by independent, community, and operating foundations in 2010.
5. The largest pledged gift in 2010 was $250 million worth of art and furniture from George M. and Linda H. Kaufman to the National Gallery of Art in Washington D.C..
One more interesting finding in the Giving USA report: Giving in support of cleanup and restoration efforts for the BP oil spill did not have a significant impact on overall giving to the environmental and animal organizations subsector. This is especially thought provoking considering the tremendous amount of giving toward international relief efforts in 2010.
Get a copy of Giving USA 2011: The Annual Report on Philanthropy for the year 2010 online. It’s well worth the $75 cost.
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