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| >PRESS ROOM |
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PRESS ROOM
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 June 23, 2003 Charitable
gifts in 2002 exceeded $240 billion Charitable giving held up last year, in spite of the economy, international turmoil and increased unemployment. Americans gave an estimated $241 billion in 2002, a 0.5 percent decrease on an inflation-adjusted basis from 2001, according to Giving USA, an annual tally of charitable contributions published by Trust for Philanthropy, a unit of the American Association of Fundraising Counsel, and compiled by the Center on Philanthropy at Indiana University. Giving USA does not include state breakdowns. But a local survey released this year by Arizona State University's Center for Non-profit Leadership & Management, suggests that philanthropy is in the state's fabric. In Arizona Giving and Volunteering, based on a telephone survey of 1,000 residents in 2002, researchers found that 9 out of 10 households gave to charitable groups. The average annual contribution was $1,570, and religious groups were the top benefactors. Meantime,
local experts say philanthropy has received a boost in recent years
with the addition of several large foundations, which are pumping
millions into the Valley and state. The experts also point to the
success of multimillion-dollar fund-raising campaigns by the state's
public universities.
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