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Report: Giving rose in state last year, but trailed nation

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Charitable giving rose strongly in Indiana and the nation last year, according to a new report, but the rate of growth is expected to slacken a bit in 2012, a new report says.

Hoosiers gave $6.4 billion last year, a bump of 6.4 percent from the previous year, according to Atlas of Giving LLC.

Nationwide, Americans gave $346 billion, an increase of 7.5 percent over 2010.

“Giving in 2011 far exceeded the expectations of everyone,” said Rob Mitchell, CEO of Dallas-based Atlas of Giving, which issues a monthly summary of charitable giving.

The growth kept coming even after corporations curtailed their gifts after the first half of the year—in the face of the summer threat of a double-dip recession.

“Corporate giving did not keep pace with overall giving in 2011. It had a strong first half of the year and then tapered off,” Mitchell said.

For the nation as a whole, Atlas of Giving expects charitable contributions to rise 3.9 percent in 2012. But Indiana could enjoy a bigger increase of 5.4 percent.

Atlas of Giving data are not based on any collection of actual contributions or on surveys. Instead, the company runs a variety of economic indicators—such as unemployment and stock market gains—through an algorithm to generate an estimate of what is likely to have occurred.

Mitchell said the algorithm has been tested against 42 years of historical giving data and shown to be 99.5-percent accurate.

Atlas of Giving’s method differs sharply from that used by the Center on Philanthropy at Indiana University, which produces the annual Giving USA report, a standard benchmark in the not-for-profit sector.

The Center on Philanthropy will issue its annual report in June, relying on charitable contribution data aggregated from individual tax returns by the Internal Revenue Service, as well as fundraising information disclosed by charities on the Form 990s they file with the IRS.

 

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  1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

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  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

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