Drop in donations noted
Donations to the country’s 400 largest charities dropped sharply last year, according to an article in the latest Chronicle of Philanthropy. The 11 percent decline is the steepest in the Chronicle’s two decades of research and much worse than the decline seen in 2001, the last big drop in charitable contributions.
The 11 percent figure, as an average always does, obscures the range of donations experienced last year. Among the 10 U.S. charities that raised the most money last year, one reported a decrease of 27 percent while another saw an increase of 18 percent.
Included in the list of 400 largest charities are 11 located in Ohio, including a few grantmaking foundations. Their experiences are as varied as the rest of the list, with some gains and losses reported.
Here at OGF we are in the midst of researching and writing our annual state of philanthropy report, which will provide a snapshot of Ohio’s foundations’ assets and giving data. We’ll preview the results of our research on November 10 at our annual conference closing lunch, open to nonprofits and grantmakers. The full report will be available online; check the website’s publications page and this blog for its release.