Summary
NEW YORK - Americans gave nearly $300 billion to charitable causes last year, setting a new record and besting the 2005 total that had been boosted by a surge in aid to victims of hurricanes Katrina, Rita and Wilma and the Asian tsunami.
Donors contributed an estimated $295.02 billion in 2006, a 1 percent increase when adjusted for inflation, up from $283.05 billion in 2005. Excluding donations for disaster relief, the total rose 3.2 percent, inflation-adjusted, according to an annual report released Monday by the Giving USA Foundation at Indiana University's Center on Philanthropy.See the full content of this document
Extract
Americans Give Nearly $300 Billion to Charities
Giving historically tracks the health of the overall economy, with the rise amounting to about one-third the rise in the stock market, according to Giving U...
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