Charitable Giving Passes $300 Billion in 2007


Despite worries about the economy, last year donations to public charities exceeded $300 billion for the first time.

A report from the Giving USA Foundation estimates charitable giving reached $306.4 billion last year, an increase of 3.9% from the previous year (though only a 1% increase when adjusted for inflation). Every type of public charity saw an increase in donations—the first across-the-board increase since 2001.

The foundation attributes the increase in 2007 to stock market performance in the first half of the year and increases in corporate and personal income.

Source: Giving USA 2008, www.givingusa.org.

SPONSORED REPORT

Taking stock of artificial intelligence

Artificial intelligence is either the greatest thing to ever happen to human work or the dread of our existence. This independently written report explores how AI will reshape the workplace and how analytically minded individuals can stand out.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.