Philanthropy is under fire even as private giving increases

By Howard Husock

Published January 8, 2014 5:00am ET

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Philanthropy is under fire even as private giving increases — The report by the Chronicle of Philanthropy that the top 10 philanthropic gifts in the year past totaled $3.4 billion, and that there were more gifts of $100 million or more in 2013 (15) than in 2012 (11), serves as a reminder of American generosity. Indeed, U.S. charitable gifts total twice as large a percentage […]

The report by the Chronicle of Philanthropy that the top 10 philanthropic gifts in the year past totaled $3.4 billion, and that there were more gifts of $100 million or more in 2013 (15) than in 2012 (11), serves as a reminder of American generosity.

Indeed, U.S. charitable gifts total twice as large a percentage of gross domestic product (2.2 percent) as the next-closest country (the United Kingdom, 1.1 percent.)

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