Florida Philanthropic Network’s latest research report documents the serious toll that the economic recession has taken on charitable giving in Florida. The report confirms that the combined charitable giving of individuals, foundations and corporations in Florida dropped 8.6 percent between 2008 and 2009, which follows a double-digit decline the previous year. But on the bright side, the state’s charitable giving is estimated to have stabilized in 2010 and rebounded slightly in 2011.
The recession appears to have had an even greater negative impact on charitable giving in Florida than in the country as a whole. This is not surprising when you consider that Florida was hit harder by the recession than most other states. A growing number of Floridians have been forced to cut back on their charitable donations as they face new financial hardships. Continue reading