Top 400 Charities See Billions Less in Donations

By: AP
By: AP

WASHINGTON (AP) - A new ranking of the nation's 400 biggest charities shows donations dropped by 11 percent overall last year as the Great Recession ended - the worst decline in 20 years since the Chronicle of Philanthropy began keeping a tally.

The Philanthropy 400 report to be released Monday shows such familiar names as the United Way and the Salvation Army, both based
near Washington, continue to dominate the ranking, despite the 2009
declines.

Chronicle Editor Stacy Palmer says the results are surprising because bigger charities are typically more resilient.

An earlier report by the Giving USA Foundation found overall charitable giving declined only 3.6 percent last year.

But the Chronicle tally found some of the top charities saw much steeper declines.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 105139209 - wtvy.com/a?a=105139209
Gray Television, Inc.