Giving Drops with Economy – Again

November 14, 2011 at 2:38 pm Leave a comment

Reflecting the continuing economic struggles, total charitable giving in Ohio fell from $6.54 billion to $5.87 billion in 2009, down 10 percent after the 11 percent decrease of 2008.

Individual donations to charities fell 7 percent from 2008 to 2009 in Ohio, although still reaching a hefty $4.36 billion. The decrease follows on the heels of a more significant decrease of 11 percent in 2008. Individuals in Ohio make up the vast majority of charitable gifts: 75 cents of every $1 in gifts to charities came from Ohio residents who made cash donations to their favorite causes.

Foundation giving topped out at $1.22 billion in 2009, an 8 percent decrease from 2008. This was the first decrease in giving since 2002, during the aftermath of the country’s last recession. Most of Ohio’s foundations are small: over 90 percent have less than $1 million in assets and usually grant less than $100,000 per year. While foundations are spread across Ohio’s 88 counties, most are concentrated in three urban counties: Cuyahoga, Franklin and Hamilton Counties.

Aggregate Data For Ohio Foundations By Type, 2009

Type

Number

%

Assets(b)

%

Giving (m)

%

Independent

2,958

90.1

$10.05

64.0

$694.95

57.0

Corporate

139

4.2

$0.90

5.8

$172.80

14.2

Community

68

2.1

$4.68

29.9

$343.35

28.1

Operating

119

3.6

$0.06

0.3

$8.90

0.7

Total

3,284

100

$15.69

100

$1.22b

100

Read more about 2009 giving in our Ohio Giving Update.

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Entry filed under: Commentaries, OGF News.

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