Giving by the Rich Dropped $30 Billion During Recession

Many fundraisers say they still can’t raise as much as they did before the economy soured in 2008. Particularly difficult to come by, they say, are gifts from affluent donors.

Now newly released IRS data support that assertion. Giving by people with incomes of $200,000 or more fell by $31 billion from 2007 to 2009. People who earned much less than that, less than $100,000, dropped their giving by a total of $4 billion.