< 1 min read
January 6, 2015
"What recovery?" asks CBS's MoneyWatch. They're unhappily comparing 2014's total $3.3 billion in top gifts to pre-recession 2007's $4.1 billion.
"The good news for charitable institutions is that huge donations continue to roll in. But there's some bad news as well: The amounts are still below pre-recession levels, despite a surging stock market that's helped lift the fortunes of the top 1 percent. The top 10 charitable donations in 2014 amounted to $3.3 billion, according to the Chronicle of Philanthropy. While that's nothing to sneeze at, it's still far below the $4.1 billion total from the top 10 charitable gifts in 2007, before the recession hit." -- Aimee Picchi, CBS.com