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Most Americans appear to be shaking off some of the post-recession gloom and say they will either give the same amount or more to charity this year as they did in 2011, a new survey says. Sixty-eight percent of the 1,000 people who participated in a January phone survey say they will donate the same amount, [...]
Facing a $56.2 million budget deficit next fiscal year, Hartford city officials are considering a payment-in-lieu-of-taxes program aimed at larger nonprofits. The goal is to generate revenue from tax-exempt organizations that own a significant amount of property in the Capitol City. Such programs, known as PILOTs, are gaining increasing popularity across the country as cash-strapped cities [...]
The past four years have seen an economic crisis coincide with a food-price spike. That must surely have boosted the number of the world’s poor (especially since food inflation hits the poor hardest)—right? Wrong. New estimates of the numbers of the world’s poor by the World Bank’s Development Research Group show that for the first [...]
The US has been rated as the world’s most charitable country in 2011 by the Charities Aid Foundation’s (CAF) World Giving Index, up from fifth in 2010. The Irish Republic came second, then Australia, New Zealand and the UK. The survey suggested more people were likely to perform charitable acts this year compared with 2010, [...]
The world has been buzzing all year about the “Arab spring,” “Occupy” movements, and the “European debt crisis.” Similarly, people in philanthropy have their own lingo to describe their preoccupations of the past year, particularly as the government’s financial challenges and growing competition for scarce donations put ever more attention on nonprofits that produce results [...]
The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by a person age 65 or older has a net worth 47 [...]
Nonprofit hospitals are under increasing financial pressure, with revenue growing at the slowest rate in at least two decades, according to a new report from Moody’s Investors Service.
The 4% median revenue growth rate, based on a review of 401 hospit…
With the drumbeat of bad economic news in the United States and around the world threatening the nation’s fragile recovery, fund raisers are wearily bracing themselves for a possible double-dip recession and the likelihood of a slowdown in giving in …
Global HNWI (high net worth individuals) population and wealth growth reached more stable levels in 2010, with the population of HNWIs increasing 8.3% to 10.9 million and HNWI financial wealth growing 9.7% to reach US$42.7 trillion (compared with 17.1%…
