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News You Can Use

News You Can Use
Issue 114/June 2012

Upcoming: Special Report, Forum(s)

Giving USA: The Numbers for 2011

U. S. Trust, JB&A and Nonprofit Connect to present High Net Worth Philanthropy Study along with Giving USA on June 26.

This coming Tuesday, June 19 Giving USA Foundation, will release its annual report of charitable giving in the United States for 2011. Nonprofit executives, fundraisers, donors and volunteers look foward to the giving report each year to assess the thinking of how American’s are feeling about the economy and ultimately their charitable dollars.

Last year’s report for 2010 showed that American’s gave $290.89 Billion an increase of 3.8 percent in current dollars and 2.1 percent in inflation-adjusted dollars. That trend is good news for the 1,200,000 nonprofits who rely on the generosity of American individuals, corporations and foundations each year.  After the largest drops in giving in more than 40 years during 2008 and 2009 as a result of the economic downturn, last year’s report (2010) was a sigh of relief for most nonprofits and a start on building back what was lost during the Great Recession in giving.

With the stock market having recovered significantly at the end of 2011, how did the recovery continue in the philanthropic/nonprofit sector in 2011?

Jeffrey Byrne & Associates, Inc. will provide a Special Report on Giving USA, upon the release of the June 19 report, and will offer nonprofits in its home market of Kansas City the opportunity to hear from the authors of the report when JB&A co-sponsors a special presentation on Tuesday, June 26 with local U. S. Trust Executives Spence Heddens, Market Executive for Philanthropy, and Jack Ovel, Regional Vice Chairman for U.S. Trust, Bank of America Private Wealth Management; Dr. Patrick Rooney, Executive Director from the Center on Philanthropy, and Nonprofit Connect, (See sidebar for registration information.) That session, the sixth in an annual series, will feature Dr. Patrick Rooney, Executive Director of the Center on Philanthropy at Indiana University, The Center researches and writes Giving USA, which is produced by the Giving USA Foundation, the fundraising and philanthropic arm of The Giving Institute: Leading Consultants to Nonprofits. JB&A is one of 40 member firms nationally to have met the rigorous standards of membership in the Giving Institute and is pleased to present this workshop opportunity on the 26th.

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