How Charitable Contributions Changed During The Recession

How Did the Recession Change Charitable Giving? New IRS data shows that even though the recession hit Americans hard, they actually dug deeper and gave more during the downturn. (43%) -7% 2.7% 2007 2006 2012 2013 $98,872 $55,689 $56,335 $51,758 Decline in Median Decline in Median HOUSEHOLD WEALTH HOUSEHOLD INCOME Increase in CHARITABLE GIVING BY INDIVIDUALS FROM 2006-2012 Which States Dug Deepest During the Recession? Change in Giving From 2006-2012 -6% and down -6% to -4% -4% to -2% -2% to 0% 0% to 2% 2% to 4% 4% to 6% 6% and up -4.3 -3.0 -11.0 -7.8 -12.6 -9.0 -5.1 -6.5 +0.6 -2.4 -5.2 +6.51 -5.6 -5.9 +4.0 -15.2 -15.7 -3.5 -5.9 -6.3 +12.6 -4.4 -4.2 -5.0 +2.8 -13.0 +1.1 -1.1 -5.9 -8.1 -7.6 +2.7 -5.8 -1.6 -1.5 -4.5 +1.6 +1.7 +1.7 -9.5 -5.7 -1.7 +1.4 +2.1 +6.1 +0.3 -3.4 +3.9 -8.0 -5.0 This map represents the change in a state's "giving ratio" from 2006-2012, which calculates the percentage of adjusted income given to charity as reportes on income-tax forms. The Top 10 Of the ten states that increased their giving the most, all but one (Alabama) saw a decline in Median Household Income over the same period. Number 1, Nevada, also saw the country's steepest decline in median income, which fell 20.5%. CHANGE IN GIVING 20% 15% 10% 5% 0% -5% -10% -15% -20% CHANGE IN MEDIAN INCOME Sources: Plenty nccs.urban.org/nccs/statistics/Charitable-Giving-in-America-Some-Facts-and-Figures.cfm charitynavigator.org/index.cfm/bay/content.viewlcpid/619.htm#VJHKA¡VF8DO finance.yahoo.com/blogs/daily-ticker/for-most-families--wealth-has-vanished-172130204.html census.gov/hhes/www/income/data/statemedian philanthropy.com/section/How-America-Gives/621 10. ARIZONA 9. NEW MEXICO 8. ALABAMA 7. KANSAS 6. INDIANA 5. FLORIDA 4. CONNECTICUT 3. GEORGIA 2. IDAHO 1. NEVADA