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NEW YORK, NY -- MarketWatch comments on findings from Giving USA 2017 report. The U.S. cleared a generous milestone in 2017, with Americans donating a record amount to charity. But the numbers are also a reminder of the persistent gap between rich and poor.
CHARLOTTE, NC -- Bank of America today announced that more than $2.8 million has been delivered to Gulf Coast nonprofits collectively supporting short- and long-term Hurricane Harvey relief efforts. In addition to the previously announced $1 million in Hurricane Harvey relief funding the Bank of America Charitable Foundation committed to nonprofit organizations in the days following the hurricane, an outpouring of support from bank employee donations totaling more than $900,000 was also matched dollar-for-dollar through the company’s Employee Matching Gifts program.
NEW HAVEN, CT -- Charitable giving rose by 11 percent to reach $5 billion in 2015, the most recent year for which data is available, according to the Connecticut Council for Philanthropy. In a report released Tuesday, the council said giving increased across three tracked sources: individuals, bequests and foundations. The majority of Connecticut’s charitable giving in 2015 came from individual donations —both traditional giving and bequests — which rose 76 percent to $3.81 billion.
Giving in Connecticut 2016 looks at charitable giving in Connecticut for calendar year 2014 and includes individual giving through reported contributions, bequests made through estate giving, and foundation giving. Giving in Connecticut 2016 uses data from the U.S. Census Bureau, the IRS Statistics of income Division, the Foundation Center, and self-reported data gathered by CCP.