Charitable giving in the United States was up some 7.5 percent in 2011, with Texas boasting some of the strongest growth in giving, the Dallas Business Journal reports.
According to a study conducted by the Atlas of Giving, a Dallas-based forecasting service, Americans gave nearly $346 billion to charity in 2011, including $241.3 billion from individuals, $16.5 billion from corporations, $42.1 billion through foundations, and $22 billion through bequests. The study also found that Texans and Texas-based companies gave a total of $29 billion, more than the total for all but three states — Florida, Illinois, and Pennsylvania. An Atlas of Giving forecasts predicts that charitable giving in Texas will increase 3 percent in 2012, compared to about 3.9 percent nationally.
Atlas of Giving CEO Rob Mitchell said the relatively strong economy in Texas was behind the state’s strong showing.
“The unemployment rate in Texas is lower than it is in much of the rest of the United States, there is an increasing population in Texas, and you have some major economic development happening,” said Mitchell, “especially in the Barnett Shale and the Eagleford Shale down in South Texas…”
For more on this article, visit the Dallas Business Journal.