Giving grows 7% in 1st quarter

Charitable giving totaled $97.26 billion in the first three months of 2013, up 7.1 percent from the same period a year earlier, and is expected to total $383.15 billion for the year, up 3.9 percent from 2012, a new report says.

That would mark a decline in growth from 6.7 percent in 2012, says the Atlas of Giving.

Giving totaled $32.41 in March, down 1 percent from February, and was expected to total $32.77 billion in April, up 1.1 percent from March, the report says.

The forecast says religion will continue to get the biggest share of giving, although its share will decline to 35 percent in 2013 from 36 percent in 2012, while giving for nature and the environment will grow 7.8 percent, the most of any sector, and will total 2 percent of all giving.

The share of giving from the range of charitable gift sources in 2013 is not expected to change, with individuals accounting for 75 percent of all giving, foundations accounting for 13 percent, bequests for 7 percent, and corporations for 5 percent.

Foundation gifts are expected to grow 6 percent, the biggest increase of any source, while corporate gifts are expected to grow 3.2 percent, the smallest increase.

Todd Cohen

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