Ohio Gives 2015 report released
Our annual Ohio Gives report is now out, highlighting a slight reduction in overall Ohio giving. In 2013, the most recent year IRS data is available, Ohio giving fell 5 percent. Individual giving, which was down 8 percent, helped fuel the overall decline, while foundation giving was up 5 percent.
Individual giving makes up 75 percent of Ohio giving, with foundations making up 18 percent, United Ways making up 2 percent and other giving at 5 percent.
Individuals gave less to their favorite charities in 2013, due to decreases in both the number and dollar amount of bequests as well as a decrease in charitable contributions listed on federal tax returns. Over the past six years, 2012 was the peak of individual giving.
Of the 22 percent of taxpayers who claimed deductions for charitable gifts on their federal tax returns, middle income earners – individuals/joint tax filers earning $50,000 to $200,000 – make up 68 percent of individual giving. Religion is still the top category individuals give to, with those gifts making up 32 percent.
Foundations make up 18 percent of Ohio giving, and strong asset growth pushed foundation giving up 5 percent, just below the 2008 peak of giving. Foundation assets grew 11 percent, despite the number of private and corporate foundations decreasing.
COMMUNITY FOUNDATION GIVING
Community foundations in the three Cs top the list of foundation giving for 2014 with The Columbus Foundation giving $142.9 million, followed by the Cleveland Foundation at $98.2 million and the Greater Cincinnati Foundation giving $72.2 million.
Though community foundations make up only 2 percent of all Ohio foundations, their giving makes up 27 percent of all foundation giving.
PRIVATE FOUNDATION GIVING
Nine out of 10 foundations in Ohio are private foundations and have been the fastest growing segment of the philanthropic landscape. Most of these foundations are small foundations managed by family boards.
Ohio’s 3,638 private foundations held 65 percent of the state’s charitable assets and awarded 59 percent of all grant dollars in 2013. Private foundation assets grew by $1.5 billion, or 11 percent, and giving was up a modest 4 percent.
Ohio’s private foundations have recovered from the 2008 Great Recession, with asset and grant totals surpassing the previous high marks of 2007 when assets were $12 billion and grants were $762 million.
CORPORATE FOUNDATION GIVING
While the number of corporate foundations in the state has decreased by 19 percent since 2008, both the assets and grants of corporate foundations grew in 2013.
Corporate foundations comprised only 3 percent of the state’s foundations, yet provided 13 percent of the state’s grant dollars.
Though assets are now at pre-recession rates, giving has yet to reach the 2008 peak of $212 million.
The key component of corporate philanthropy not captured from these numbers is in-kind product contributions, volunteer engagement or similar charitable contributions.
UNITED WAY GIVING
Ohio’s 75 United Ways are a diverse group of funders spread across the state. Together, they provided $181 million to nonprofit organizations in their communities and are a vital part of the state’s philanthropic network.
Ohio Gives portrays philanthropy’s value and impact, drawing on 2013 and 2014 data from a variety of sources. Our analysis presents data from the most recent available year, which is 2013 for IRS data. Other sources used for the report include Foundation Center, Foundation Directory Online, Guidestar and Giving USA as well as our own research.
We offer custom research to Philanthropy Ohio members, among other resources. Please contact us if you’re looking for a specific piece of information or data. Learn more about Ohio Gives at www.philanthropyohio.org/ohiogives.
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