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Joanne's Nonprofits Blog

By Joanne Fritz, About.com Guide to Nonprofits

Philanthropy Sets New High In 2007 Says Report

Wednesday June 25, 2008

With the economy tanking in 2008, it is hard to remember that 2007 wasn't bad:

    Personal income rose 3.5 percent;
  • Corporate profits grew slowly, at 1.3 percent; and
  • The stock market ended above its 2006 close, albeit only 1 percent higher for the Standard & Poor’s 500 Index.

Those are the factors that helped boost philanthropy past the $300 billion mark for the first time, according to Giving USA, 2008. Get all the facts, the whys, and tips at:

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