One Step Forward In 2008, Nine Steps Backward In 2009: In Economic Crisis, America Is Failing To Sustain Philanthropy Privately

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“The U.S. charities that raised the most from private sources in 2008 collectively attracted $76-billion in donations last year, an increase of just 1 percent. ...

Bruised by the deepest recession in decades, the nation's largest charities anticipate that giving will decline this year [2009] by a median of 9 percent.”

The Chronicle of Philanthropy

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Header: Last year, Stewart and Lynda Resnick gave $45 million to the Los Angeles County Museum of Art for an Exhibition Pavillion behind the new Broad Contemporary Art Museum . (c) Los Angeles Times 2009. Copyright controlled.