US charitable giving nears pre-recession peak at S$420 billion
Published on Jun 17, 2014 12:22 PM
WASHINGTON (AFP) - US charitable giving rose for a fourth consecutive year in 2013, nearing the record pre-recession levels of 2007, a study showed on Tuesday.
Donations from American individuals, corporations and foundations rose 4.4 per cent to US$335.17 billion (S$420 billion), according to an annual survey by Giving USA Foundation and Indiana University's school of philanthropy.
The 59th annual survey offers clues on the overall health of the US economy, the stock market and the level of optimism people are feeling.
The latest report "proves yet again that the call for support is answered generously by our citizenry," said Mr Gregg Carlson, chair of the Giving USA Foundation.
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