Research by the Indiana University School of Philanthropy shows the recession has taken a significant toll on charitable giving in the state.
Since 2007, every subsequent year has seen the value of gifts received by Indiana organizations shrink. Likewise, the amount Hoosier donors are giving has fallen from nearly $2 billion in 2007 to just $250 million in 2011.
The Center on Philanthropy’s Una Osili says early findings from this year show about half of high net worth households are giving to political campaigns in advance of the election.
“Even in difficult economic times, people, high net worth donors particular understand the importance and salience of elections, and seek to be part of influencing those outcomes to their donations.” she says.
The state’s top donor, by a wide margin, is the Lilly Endowment, which has given away more than $6 billion since the turn of the century. In those same years, no organization has received more money than Indiana University, which has raked in nearly $1.5 billion.
Higher education receives more than half of all donations, with colleges or groups representing those comprising 11 of the top 20 recipients by dollar value.