Individual donors in Maryland give less than their counterparts in other states, a new study says.
But foundation and corporate giving are strong in the state, and new forms of philanthropy are emerging, SunSpot.net reported April 13.
Marylanders gave $2.9 billion to charities in 1998, but per-capita giving falls below the national average and the state’s wealthiest residents give much less than the national average.
Maryland, which ranks fifth in per-capita income, ranks 44th in the Generosity Index, which ranks states by charitable giving and income.
The state ranks 16th in the U.S. in foundation assets. Foundations in 1999 gave $445 million and had assets of $10.4 billion.
“We in Maryland have an unprecedented opportunity to further develop philanthropic traditions among our wealthiest citizens and to increase charitable investment in our community that will have impact for years to come,” said Betsy S. Nelson, executive director of the Association of Baltimore Area Grantmakers, which conducted the study.
For full story, go to SunSpot.net.