March 27, 2008
Report: Maine philanthropy has grown
Maine philanthropy has increased dramatically in recent years, according to a new report from the Maine Community Foundation and the Maine Philanthropy Center.
"Giving in Maine: A Report on Philanthropy 2008" found that individual giving has grown sevenfold over the last 22 years, from $67 million to $482 million. The report also says 27% of Maine estates over $1.5 million donate to philanthropic causes, versus 20% nationally, and total giving and average giving by individual Mainers has increased 25% over the last five years.
The state's charitable foundations are strong, according to the report, with assets almost doubling over the last five years, to $1.5 billion, and giving increasing by 74%.
"Giving in Maine: A Report on Philanthropy 2008" found that individual giving has grown sevenfold over the last 22 years, from $67 million to $482 million. The report also says 27% of Maine estates over $1.5 million donate to philanthropic causes, versus 20% nationally, and total giving and average giving by individual Mainers has increased 25% over the last five years.
The state's charitable foundations are strong, according to the report, with assets almost doubling over the last five years, to $1.5 billion, and giving increasing by 74%.
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