Study: Americans maintaining or increasing charitable giving
October 25, 2012
Americans aren't letting the lingering effects of the recent recession and recovering economy impact their charitable giving, according to a study by Fidelity Charitable. The survey of more than 571 adults found that four in five plan to continue giving at the same levels or anticipate increasing their contributions.
The study indicated that families have a strong influence on habits related to charitable contributions, with 44 percent of respondents saying they give to set good examples for their families. However, contributions can be made in many forms, including cash donations as well as in-kind donations, such as time spent volunteering, food items and clothing. However, there are many reasons for making contributions. More than seven in 10 individuals said they were inspired to do so after a family member or friend suffered from an illness or died.
"While there is still uncertainty about where the economy is headed, Americans are showing a willingness to give more to the causes they care about," said Sarah Libbey, president of Fidelity Charitable. "This is particularly important as past and proposed cuts in federal and state funding have charities seeking more support from private donors."
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