Monday, June 23, 2008

Giving

http://online.wsj.com/article/SB121418580830795863.html?mod=googlenews_wsj

The article says that US citizens gave over $300 billion to charities. Giving to religious organizations is up over 4% and totaled over $100 billion.

The crazy thing is that in the US, collectively, $300 billion is a drop in the bucket, as the article says, it's only 2.2% of our GDP.

2 comments:

Chad said...

Crazy.
In 2006, which was close to $300 billion, Warren Buffet gave $30 billion. 10% of the entire country's giving! That is a ridiculous ammount for sure! That puts the rest of the country's giving even lower. Even though the report says that 75% of the giving in 2007 was from individuals. Very interesting article, thanks!

Greg said...

I like Bono's perspective/challenge from his 2006 National Prayer Breakfast speech ...

"I was amazed when I first got to this country and I learned how much some churchgoers tithe. Up to ten percent of the family budget. Well, how does that compare the federal budget, the budget for the entire American family? How much of that goes to the poorest people in the world? Less than one percent.

Mr. President, Congress, people of faith, people of America:

I want to suggest to you today that you see the flow of effective foreign assistance as tithing…. Which, to be truly meaningful, will mean an additional one percent of the federal budget tithed to the poor.

What is one percent?

One percent is not merely a number on a balance sheet.

One percent is the girl in Africa who gets to go to school, thanks to you. One percent is the AIDS patient who gets her medicine, thanks to you. One percent is the African entrepreneur who can start a small family business thanks to you. One percent is not redecorating presidential palaces or money flowing down a rat hole. This one percent is digging waterholes to provide clean water.

One percent is a new partnership with Africa, not paternalism towards Africa, where increased assistance flows toward improved governance and initiatives with proven track records and away from boondoggles and white elephants of every description.

America gives less than one percent now. Were asking for an extra one percent to change the world. to transform millions of lives—but not just that and I say this to the military men now – to transform the way that they see us.

One percent is national security, enlightened economic self interest, and a better safer world rolled into one. Sounds to me that in this town of deals and compromises, one percent is the best bargain around.

These goals—clean water for all; school for every child; medicine for the afflicted, an end to extreme and senseless poverty—these are not just any goals; they are the Millennium Development goals, which this country supports. And they are more than that. They are the Beatitudes for a Globalised World."

For full speech:
http://www.usatoday.com/news/washington/2006-02-02-bono-transcript_x.htm