American charitable giving accelerated again last year
America's leading charities drew in $38 billion (R285 billion) in donations last year. That was an increase of 13 percent over 1998, according to a new report in the Chronicle of Philanthropy. Receiving $1.4 billion in cash and donated goods, the Salvation Army led the 1999 survey for the eighth straight year.
The top 400 charities accounted last year for about one-fifth of charitable giving nation-wide. Giving has steadily increased over the past decade.
The YMCA ranked second with $693.3 million in donations, followed by the American Red Cross which saw a 25 percent increase in contributions to $678.3 million.
The American Cancer Society was fourth with $620 million.
Rounding out the top five was the Fidelity Investments Charitable Gift Fund with $573 million.
Source: AP, Gifts to the Top Charities Grew 13 Percent in 1999, New York Times, October 30, 2000.
For text http://www.nytimes.com/aponline/national/AP-Charitable-Giving.html
For Chronicle of Philantrophy text
Publish date: 31 July 2012
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