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Gopher

Joined: 04 Jun 2005
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Posted: Mon Jun 25, 2007 12:25 am Post subject: Americans Gave $300 Billion to Charity 2006... |
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NEW YORK (AP) -- Americans gave nearly $300 billion to charitable causes last year, setting a new record and besting the 2005 total that had been boosted by a surge in aid to victims of hurricanes Katrina, Rita and Wilma -- and the Asian tsunami.
Donors contributed an estimated $295.02 billion in 2006, a 1 percent increase when adjusted for inflation, up from $283.05 billion in 2005. Excluding donations for disaster relief, the total rose 3.2 percent, inflation-adjusted, according to an annual report released Monday by the Giving USA Foundation at Indiana University's Center on Philanthropy.
Giving historically tracks the health of the overall economy, with the rise amounting to about one-third the rise in the stock market, according to Giving USA. Last year was right on target, with a 3.2 percent rise, as stocks rose more than 10 percent on an inflation-adjusted basis.
"What people find especially interesting about this, and it's true year after year, that such a high percentage comes from individual donors," Giving USA Chairman Richard Jolly said.
Individuals gave a combined 75.6 percent of the total. With bequests, that rises to 83.4 percent.
The biggest chunk of the donations, $96.82 billion or 32.8 percent, went to religious organizations. The second largest slice, $40.98 billion or 13.9 percent, went to education, including gifts to colleges, universities and libraries.
About 65 percent of households with incomes less than $100,000 give to charity, the report showed.
Part of 'American culture'
"It tells you something about American culture that is unlike any other country," said Claire Gaudiani, a professor at NYU's Heyman Center for Philanthropy and author of "The Greater Good: How Philanthropy Drives the American Economy and Can Save Capitalism." Gaudiani said the willingness of Americans to give cuts across income levels, and their investments go to developing ideas, inventions and people to the benefit of the overall economy.
Gaudiani said Americans give twice as much as the next most charitable country, according to a November 2006 comparison done by the Charities Aid Foundation. In philanthropic giving as a percentage of gross domestic product, the U.S. ranked first at 1.7 percent. No. 2 Britain gave 0.73 percent, while France, with a 0.14 percent rate, trailed such countries as South Africa, Singapore, Turkey and Germany.
Mega-gifts, which Giving USA considers to be donations of $1 billion or more, tend to get the most attention, and that was true last year especially.
Investment superstar Warren Buffett announced in June 2006 that he would give $30 billion over 20 years to the Bill and Melinda Gates Foundation. Of that total, $1.9 billion was given in 2006, which helped push the year's total higher.
Gaudiani said that gift reflects a growing focus on using donated money efficiently and effectively.
"I think it's also a strategic commitment to upward mobility exported to other countries, in the form of improved health and stronger civil societies," she said.
The Gates Foundation has focused on reducing hunger and fighting disease in developing countries as well as improving education in the U.S. Without Buffett's pledge, it had an endowment of $29.2 billion as of the end of 2005.
Meanwhile, companies and their foundations gave less in 2006, dropping 10.5 percent to $12.72 billion. Jolly said corporate giving fell because companies had been so generous in response to the natural disasters and because profits overall were less strong in 2006 over the year before.
The Giving USA report counts money given to foundations as well as grants the foundations make to nonprofits and other groups, since foundations typically give out only income earned without spending the original donations. |
CNN Reports |
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Ilsanman

Joined: 15 Aug 2003 Location: Bucheon, Korea
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Posted: Mon Jun 25, 2007 1:12 am Post subject: |
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For all the America haters in the world....clearly Americans are also very benevolent. |
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pkang0202

Joined: 09 Mar 2007
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Posted: Mon Jun 25, 2007 2:23 am Post subject: |
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As an American, I want to say that we don't give money to charity because we want to look good to others. When I was a broke college student, I still gave money to charity.
"America has the wealth so its only right that we give some of it back."
Thats a myth. Yes, America has the wealth but we are under NO obligation to give it to charity. We give because we care.
As for some extremely wealthy people, there could be other motives. I learned in Econ that when you are dealing with millions of dollars, sometimes its actually cheaper to donate the money to charity and get the tax write off, than it is to keep the money and get taxed on it.
Thats less than 1% of the population though. For the most part, Americans are very generous. |
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Ilsanman

Joined: 15 Aug 2003 Location: Bucheon, Korea
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Posted: Mon Jun 25, 2007 2:43 am Post subject: |
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If you broke the world down per capita, I bet America or some European country gives the most money per capita.
It's not just about giving money. It's also accepting refugees, foreign support, disaster relief, etc.
Europe, USA, Australia, NZ, and Canada would be among the highest. Asia would be among the lowest. |
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Lie Bot
Joined: 23 Jun 2006 Location: Somewhere with Seoul!!!
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Posted: Mon Jun 25, 2007 4:37 am Post subject: |
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Ilsanman wrote: |
For all the America haters in the world....clearly Americans are also very benevolent. |
Per Capita Foreign Aid Assistance by World's Wealthiest Countries, 2002
Country Per capita government aid Per capita private giving
Australia 14� 3�
Austria 18 2
Belgium 28 2
Canada 17 2
Denmark 64 1
Finland 24 1
France 25 1
Greece 7 0.1
Germany 18 3
Ireland 28 6
Italy 11 0.2
Japan 20� 0.4�
Netherlands 57 4
New Zealand 8 1
Norway 102 24
Portugal 9 0.1
Spain 11 1
Sweden 61 1
Switzerland 35 7
United Kingdom 23 2
United States 13 5
http://www.infoplease.com/ipa/A0930884.html
You got that right! It blows my mind that the liberals and looney leftists think out country is evil! Wheres Iran on that list huh? Or China? Or Cuba or Venezuela or any of the other countries they love so much? The liberals here need to answer that but I don't htink they will. |
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Ilsanman

Joined: 15 Aug 2003 Location: Bucheon, Korea
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Posted: Mon Jun 25, 2007 4:32 pm Post subject: |
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This might not be so accurate anymore, as the data is 5 years old.
But I am guessing things have not changed drastically in the last few years.
Where are Korea and Taiwan? 2 rich asian countries that don't contribute squat.
Lie Bot wrote: |
Ilsanman wrote: |
For all the America haters in the world....clearly Americans are also very benevolent. |
Per Capita Foreign Aid Assistance by World's Wealthiest Countries, 2002
Country Per capita government aid Per capita private giving
Australia 14� 3�
Austria 18 2
Belgium 28 2
Canada 17 2
Denmark 64 1
Finland 24 1
France 25 1
Greece 7 0.1
Germany 18 3
Ireland 28 6
Italy 11 0.2
Japan 20� 0.4�
Netherlands 57 4
New Zealand 8 1
Norway 102 24
Portugal 9 0.1
Spain 11 1
Sweden 61 1
Switzerland 35 7
United Kingdom 23 2
United States 13 5
http://www.infoplease.com/ipa/A0930884.html
You got that right! It blows my mind that the liberals and looney leftists think out country is evil! Wheres Iran on that list huh? Or China? Or Cuba or Venezuela or any of the other countries they love so much? The liberals here need to answer that but I don't htink they will. |
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willardmusa
Joined: 28 May 2006
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Posted: Tue Jun 26, 2007 12:56 pm Post subject: |
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People in other countries don't get the way things work in the U.S. when it comes to this kind of statistic. They look only at the percentage of GDP given by the government, when it is through private giving that Americans care for others.
I like to compare it to the way we deal with the Olympics: In nearly every country, the Olympics - - the athletes, the teams, all related expenses - - are paid for by the government. In the states, the Olympic athletes and teams have to make their own way somehow, for the most part, with minimal funding and other support from the federal government. Businesses and private individuals provide the support. And, American athletes always perform quite well in the Olympics.
The same is true of our charitable contributions and support; the government gives some, not as much by percentage of GDP as a lot of other wealthy countries, but still quite a bit. But private individuals and businesses give far, far more; and Americans do quite well in world relief efforts. |
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