How Ohio Gives
Our annual Ohio Gives infographic is now out, highlighting an all-time high in giving. In 2014, the most recent year IRS data is available, Ohio giving rose 8 percent. The new peak was pushed by increases in both individual and foundation giving.
Individual giving makes up 76 percent of Ohio giving, with foundations making up 18 percent, United Ways make up 2 percent and other giving is at 3 percent.
Individuals gave more to their favorite causes in 2014, increasing by 8% to $6.01 billion in gifts including bequests. This amount is just short of the previous high of $6.1 billion given in 2012. Ohioans have a strong tradition of supporting charities despite the economic recessions of the 21st century and have been generous in their response to disasters both here and abroad.
Of the 28 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 69 percent of individual giving.
Foundations make up 18 percent of Ohio giving, and strong asset growth pushed foundation giving up to $1.45 billion, a 9 percent increase that surpassed the previous 2008 peak. Ohio ranks 7th in the number of foundations in the U.S. and 11th in giving.
Ohio foundations have weathered the economic storms of the 21st century with solid growth in their number, assets and giving. Over the past 15 years, their giving grew 60 percent, from $908 million in 2000 to the 2014 figure of $1.45.
UNITED WAY GIVING
Ohio’s 75 United Ways are a diverse group of funders spread across the state. Together, they provided $180.5 million to nonprofit organizations in their communities and are a vital part of the state’s philanthropic network.
Five percent gave over $10 million, totaling $127.3 million; 21 percent gave between $1 million and $10 million, totaling $ 35.4 million; and 74 percent gave less than $1 million, totaling $17.8 million.
Ohio Gives portrays philanthropy’s value and impact, drawing on 2014 and 2015 data from a variety of sources. Our analysis presents data from the most recent available year, which is 2014 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.
The full report, which dives deeper into the data including 5-year giving trends among the different type of Ohio foundations, will be released later this month. Learn more about Ohio Gives at www.philanthropyohio.org/ohiogives.
Claudia Y.W. Herrold