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Economy Down, But Generosity Up

| Jul 5, 2013 | Uncategorized |

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Lackluster economic growth and stubbornly high unemployment didn’t stop Americans from being generous in 2012, according to a report on charitable contributions released this week…”Historically, giving is a lagging indicator of the economy…The positive data in Giving USA’s report indicates Americans may be feeling more confident about the global economy.”

Charity is at once the easiest, most joyous of human acts. Charity can be amongst the trickiest acts to pull off financially, however, especially when economic times are tight. Remarkably, despite tough economic times in 2012, Americans actually increased their charitable giving.

As recently noted by CNN Money, “Americans were much more charitable last year.” Charitable giving was up in 2012 to the tune of a 4% increase in individual donations and a 12.2% increase in corporate giving. While there are many reasons for this, it is a positive fact.

So what of 2013? What are your plans, for example? If you have high hopes and good intentions for a large gift, then consider obtaining competent counsel to make the most of the opportunity for yourself and your charity.

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