While the total of $1 million-plus gifts to nonprofits decreased, the size of such gifts increased to levels not seen since 2007, according to a new report published by the Indiana University Lilly Family School of Philanthropy.
Created in partnership with U.K.-based Coutts bank, Million Dollar Donors Report includes frank and insightful views of $1 million-plus donors, who explain why they share a significant portion of their wealth and why they selected the nonprofits they supported.
The report includes international and U.S. information. Key U.S. findings include:
- 1,408 charitable gifts of $1 million or more were identified, totalling nearly $14 billion ($13.96 billion).
- While this is a decrease from 2011 in both number and total value of $1 million-plus gifts, the average gift size rose to $9.9 million, its highest value since the recession began in late 2007.
- Foundations gave 52 percent of $1 million gifts in 2012, up from 35 percent of such gifts in 2011.
- As they were globally, higher education institutions were the most frequent beneficiaries of U.S. $1 million-plus donations, accounting for 40 percent of the total value in 2012. Details: www.philanthropy.iupui.edu.