Charitable Giving Accelerated Again Last Year
October 30, 2000
America's leading charities drew in $38 billion in donations last year. That was an increase of 13 percent over 1998, according to a new report in Chronicle of Philanthropy.
The top 400 charities accounted last year for about one-fifth of charitable giving nationwide. Giving has steadily increased over the past decade.
- Receiving $1.4 billion in cash and donated goods, the Salvation Army led the 1999 survey for the eighth straight year.
- The YMCA ranked second with $693.3 million in donations, followed by the American Red Cross -- which saw a 25 percent increase in contributions to $678.3 million.
- The American Cancer Society was fourth with $620 million.
- Rounding out the top five was the Fidelity Investments Charitable Gift Fund with $573 million.
Source: Associated Press, "Gifts to the Top Charities Grew 13 Percent in 1999," New York Times, October 30, 2000.
For Chronicle of Philantrophy text:
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