US Charitable Giving Nears Pre-Recession Peak Record

A study showed that US charitable giving rose for a fourth consecutive year in 2013, nearing the record pre-recession levels of 2007.

Donations from American individuals, corporations and foundations rose 4.4 percent to $335.17 billion, according to an annual survey, released Tuesday, by Giving USA Foundation and Indiana University's school of philanthropy.

Recession Triggers More Suicides In North America And Europe
A new study says that job loss, financial crisis, dipping home values and stock market crash of the Great Recession led to an increase in suicide rates.

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 Gregg Carlson, chair of the Giving USA Foundation.

"In fact, 2013 marked the fourth straight year of gains in total giving. I think that is news to be celebrated after the gloomy years of the Great Recession."

Apart from a Few Financial Issues, Hospitals Recover from Recession
Regardless of financial status, the recent economic recession affected hospitals across the nation.

The survey found that giving by individuals -- the largest segment -- increased 4.2 percent to $240.60 billion.

But one major category, corporate gifts, declined by 1.9 percent to $17.88 billion.

Recession Not a Laughing Matter for Clowns
Being a clown is no laughing matter in a global recession.

The survey found religious organizations remained the largest category of recipients, accounting for $105.5 billion, followed by education ($52 billion).

Other categories include human services, gifts to foundations, health organizations, public society benefit groups, arts, environmental and animal organizations.

Recession Leads to Adverse Alcohol Outcomes for Men and Middle-Aged Americans
Economic downturns can have adverse health-related consequences, including higher rates of suicide and poorer mental health.

The peak for charitable contributions came in 2007, when donations totaled an estimated $349.50 billion.

"The growth in giving over the past two years suggests that a return to the peak level of total giving we saw prior to the recession could occur sooner rather than later, if recent growth rates in giving continue," said Patrick Rooney, associate dean at the school of philanthropy.

Source-AFP