US charitable giving fell by an estimated 5.7% in 2008, adjusted for inflation, according to the Giving USA Foundation. This is the largest drop recorded since the group began tracking America’s charitable donations in...
The concept of ‘spending out’ charitable endowments has become more prominent at a time when extra support is especially needed, according to research from the US.
US President Barack Obama and his wife Michelle donated 6.5% of their income to charity last year, according to their income tax return released by the White House.