Top charities seeing donations drop - KWWL - Eastern Iowa Breaking News, Weather, Closings

Top charities seeing donations drop

Posted:

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.  That is 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, continue to dominate the ranking, despite the 2009 decline.  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.

Powered by Frankly