America's got heart as giving rises for fifth straight year
About US$358b pour in for charitable causes in 2014; individual giving accounts for 54% of growth
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New York
CHARITABLE giving in the United States rose for the fifth year in a row in 2014, rebounding past a pre-recession peak to an estimated US$358 billion, according to a report from the Giving USA Foundation.
The report, Giving USA 2015: The Annual Report on Philanthropy for the Year 2014, shows that contributions rose in all categories - individuals, corporations, foundations and bequests - making up for ground lost during the economic downturn. After reaching US$355 billion in 2007, giving dropped 15 per cent to US$303 billion in 2009, according to the Giving USA data, which is figured in inflation-adjusted dollars.
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