Giving to Maine charitable organizations saw a serious decline, according to a story in The Bangor Daily News. The article references a recently released report by the Maine Philanthropic Center, which showed that giving fell nearly 6% (from $133 million to $127 million) between 2008 and 2009. The center also believes that the philanthropic sector will continue to see poor numbers as people continue to deal with tight budgets because of a down economy.
Here are some other findings from the report:
- Maine foundation assets saw a 10% decrease from 2008 to 2009, despite the fact that these assets increased more than 200% since 2000.
- Despite declines in funding, giving to certain segments of society was actually up between 2008 and 2009. These areas include human services agencies and arts and humanities.
- Charitable contributions by people in Maine came out at $402 million in 2008. This was a 16% decrease from the previous year.