Growth Rate of U.S. Giving for Health Care Falls More Than 50 Percent in 2007 But Rises Almost Threefold in Canada, According to Association for Healthcare Philanthropy's Annual 'Report ... (evious year. Canadian foundations other ...)

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Growth Rate of U.S. Giving for Health Care Falls More Than 50 Percent in 2007 But Rises Almost Threefold in Canada, According to Association for Healthcare Philanthropy's Annual 'Report on Giving'

Date:10/28/2008

evious year. Canadian foundations, other than corporate, contributed 6.7 percent in 2007, down from 9.7 percent in 2006.

A continuing slow down in overall philanthropic giving this year and next year is predicted in the AHP-sponsored study released in September, Economic Cycles and Charitable Giving, by John Volpe, Ph.D., collegiate professor at the University of Maryland University College. The study looks at projected overall philanthropic contributions, given forecasts of weak economic growth for the remainder of 2008 and through 2009, even if the economy avoids recession. Volpe concludes that a slowing of the growth in Gross Domestic Product (GDP) and disposable personal income, as well as uncertainty over the recovery of the housing and stock markets, are likely to contribute to weakness in charitable giving through 2009.

The AHP's Report on Giving also found that funds raised in the U.S. to support health care institutions in 2007 were largely used to support construction and renovation of facilities, followed by the purchase of equipment. During the same period, however, 48 percent of Canadian funds raised went for equipment purchases, three times the amount going to construction and renovation.

"In these troubled economic times, raising the philanthropic dollars that hospitals and health care systems need to serve their communities takes skill, planning and patience," said McGinly. "Increasing numbers of health care systems, hospitals and foundations affiliated with AHP are beginning to benchmark their fundraising data. This enables them to better evaluate their strategies and convince donors, board members, hospital leaders, elected officials and the public that they are accountable for the gifts they receive and are using those limited funds in the most cost effective and transparent manner."

Remarking on the state of U.S. philanthropic giving for health care, AHP Board Chair Lisa Hillman, FAHP, said, "Even in challenging econom
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SOURCE Association for Healthcare Philanthropy
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Growth Rate of U.S. Giving for Health Care Falls More Than 50 Percent in 2007 But Rises Almost Threefold in Canada, According to Association for Healthcare Philanthropy's Annual 'Report ...(evious year. Canadian foundations other ...),Health