Donations to 'religion' declined $2 billion in 2018 after years of growth: study | 6/24/2019 | Staff
reantesreantes (Posted by) Level 3
Click For Photo:

Facebook Twitter Email Print Menu Comment

Giving to houses of worship, denominational bodies and religious television and radio declined in 2018 after years of growth as individual Americans donated about $3 billion less than they did in 2017 under a new federal tax code, according to a new study.

Giving - USA - Foundation - Arm - Giving

The Giving USA Foundation, an arm of the Giving Institute, released its 2019 annual report on philanthropy in the U.S. conducted by the Indiana University Lilly Family School of Philanthropy on Tuesday.

The study is the longest-running and most comprehensive report on charitable giving in the United States.

Country - Percent - Record - Level - Dollars

It finds that total overall charitable giving in the country rose 0.7 percent to an even higher record level of nearly $428 billion actual dollars in 2018. But when inflation is accounted for, the study finds that total giving in 2018 declined by 1.7 percent from a record level in 2017.

Although corporate giving increased by 5.4 percent in 2018, the study shows that individual giving declined by 1.1 percent in the first year under the new Tax Cuts and Jobs Act of 2017.

Study - Decline - Inflation - Decline - Recession

The study finds a 3.4 percent decline in individual giving in 2018 when inflation is accounted for. This represented the greatest decline in individual giving since the recession of 2008 and 2009.

As for giving to "religion" — which the study defines as donations made to houses of worship, denominational bodies and religious radio and television — giving to those groups dropped by 1.5 percent to $124.52 billion in current dollars for 2018. That is nearly $2 billion less than the $126.47 billion given to religion in 2017.

Inflation - Study - Percent - Growth - Percent

When adjusted for inflation, the study indicates that giving to religion dropped 3.9 percent in 2018. Leading up to 2018, giving to religion saw a steady growth of 2 percent or more in each of...
(Excerpt) Read more at:
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!