IBJNews

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

Back to TopCommentsE-mailPrintBookmark and Share

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.

 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

ADVERTISEMENT