America’s largest charities raised more than $38 billion in 1999, an increase of 13 percent over 1998, The Chronicle of Philanthropy reported in its November 2 issue.
Last year was the third straight year of double-digit increases in giving to nonprofits on the Chronicle’s philanthropy 400 list. Groups on the list accounted for about 20 percent of charitable giving throughout the U.S.
The Salvation Army topped the list for the eighth straight year, receiving donations totaling $1.4 billion.
Colleges, universities and other educational organizations account for the largest share of donations. The 142 educational groups on the list account for one-third of the total raised in 1999.
The Chronicle of Philanthropy credits increases in giving to single, large donations, and to the continued strength of the economy.
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