Americans Giving More Money, Despite Economy

Report shows charitable donations were up 7.5 percent in 2011 over 2010.

by Lesley Kennedy • Reporter

We may still be in a down economy, but that’s not stopping Americans from reaching into their wallets to give money to those in need.

In fact, according to MSNBC, last year Americans gave 7.5 percent more to charity—nearly $347 billion total—than they did in 2010, a report from Atlas of Giving finds.

Perhaps even more notable, the report shows charity donations grew faster than economic growth, the network adds, with money going to disaster relief, education, churches and more.

“2011 giving growth was fueled by strong stock market performance through July, low interest rates, an improving economy, modest inflation and aggressive solicitation,” Atlas of Giving CEO Rob Mitchell tells MSNBC in a statement. “However, the increase was not enjoyed by all nonprofits. Organizations that rely on many small gifts from many small donors are still greatly impacted by the effects of continuing high unemployment.”

It’s a good reminder: Every little bit counts. Now, what will you give this year?

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First Published January 25, 2012

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