In Monday’s (10/21) Los Angeles Times, Mike Boehm reports on the Chronicle of Philanthropy’s “most recent top 400 list of American charities, ranked by the donations they took in.” The list includes “the Smithsonian Institution and five other museums, four performing arts organizations, one hybrid (the Woodruff Arts Center in Atlanta, whose tenants include the High Museum of Art, the Atlanta Symphony [Orchestra] and the Alliance Theatre), and the George W. Bush Presidential Museum and Library, which opened this year in Dallas.… Of the top 50 charities, 16 were universities.” Published in the Chronicle of Philanthropy’s 10/21 edition, the rankings “cover donations that organizations received in 2012 or in fiscal years straddling 2011 and 2012. The Chronicle found that the growth rate for donations to the top 400 recipients declined from about 8% in 2011 to 4% in 2012. It projects a 1% decrease in donations in 2013, based on estimates from 88 organizations.… The Chronicle … reported that ‘the rising fortunes of the wealthy in the post-recession economy spurred a flood of multimillion-dollar gifts in 2012,’ and that the trend has more than doubled in 2013…. Meanwhile, the Chronicle reported, ‘many … charities … which rely on a broad pool of donations from Americans at all income levels continue struggling to win support.’ ”
Posted October 21, 2013
