“contributions from foundations, corporations, nonprofit groups, religious organizations, and universities, as well as commitments of time from volunteers, totaled about $37.3-billion in 2008. That compared with $36.9-billion the previous year.”
It does look like 2009 numbers will come out lower. Several major private foundations have announced reduced giving, and it’s likely that individual donors followed the same trend. The 2008 numbers, though, give us hope that the reduction won’t be as bad as it could have been. American generosity helps make the world a better place; I am glad to see it persevere.