Giving to arts rebounded 5.7% in 2010

Posted on: June 22, 2011

Tuesday (6/21) on the Los Angeles Times blog Culture Monster, Mike Boehm writes, “Donations to the arts began to rebound in 2010, with an estimated 5.7% increase after a combined drop of 8.2% in the deep recession years of 2008 and 2009, according to the annual report on American philanthropy issued Monday by the Giving USA Foundation. Factoring in inflation, the gain in arts giving was 4.1%. Estimated largess to the arts, culture and humanities totaled $13.3 billion, up from $12.6 billion in 2009 and 12.8 billion in 2008. But gifts to the arts sector still had not rebounded all the way, falling short of the $13.7 billion prerecession peak of 2007. … The arts got almost twice as big a bounce as overall philanthropy, which was up an inflation-adjusted 2.1% for 2010, according to the report. Arts, culture and humanities ranked eighth out of nine sectors identified in the report, finishing higher only than the environment and animals, which received $6.7 billion. … The study, researched and written by Indiana University’s Center on Philanthropy, based its estimates on information from a variety of sources, including the Internal Revenue Service, the federal Bureau of Economic Analysis, and independent studies of charitable giving by several nonprofit research groups.”

Posted June 22, 2011