Giving by the Rich Dropped $30-Billion During Recession - Prospecting - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Many fundraisers say they still can’t raise as much as they did before the economy soured in 2008. Particularly difficult to come by, they say, are gifts from affluent donors.
Now newly released IRS data support that assertion. Giving by people with incomes of $200,000 or more fell by $31-billion from 2007 to 2009. People who earned much less than that, under $100,000, dropped their giving by a total of $4-billion. Altogether, the IRS reported that people of every income level wrote off $158-billion in charitable donations in 2008 and 2009 combined.
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