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

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.