Two-thirds of donors are cutting back on their charitable giving due to economic worries, a survey by non-profit consulting firm Dunham+Company found. Another 10% plan to cut back entirely until the economy gets back on track.
“According to Giving USA 2011, U.S. charitable giving dropped to $30 billion annually from 2007 to 2009,” said Rick Dunham, president and CEO of Dunham+Company. “Giving recovered slightly in 2010, and has continued to make a comeback in 2011, but now it looks like charities are in for some more rough waters with the economy in such disarray.”
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