Friday, June 11, 2010

In spite of the crisis, Americans continue to give to philanthropic causes

According to The Economist this week, a survey of charity donations in the USA reveals that inspite of the recession, charitable giving fell by only 3.2% to $304 billion last year after being adjusted for inflation. Though this was the biggest drop since 1974, most of the decrease was due to a 24% decline in charitable bequests.

That is of course a huge drop.

Was that due to the reduced value of the bequests as a result of the impact of the recession?

Or has something changed in the way people are making wills? Sphere: Related Content

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