What Gives? Charitable Giving Takes a Hit

<a href="http://commons.wikimedia.org/wiki/File:Belisaire_demandant_l%27aumone_Jacques-Louis_David.jpg">Image</a> by Wikimedia Commons user Remi Jouan

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


According to a new study, as the economy tanked last year, so did Americans’ charitable giving. The Giving USA Foundation reports that we donated nearly six percent less than we did in 2007, the biggest annual drop in 50 years. This is hardly unexpected, but it’s still notable that charitable giving didn’t drop at the same rate as the stock market or people’s retirement funds. Which may suggest that even in hard times, we Americans are a fairly generous lot. Or are we? In our current issue, I explore the question of whether we can afford to give away even more of our hard-earned cash. As residents of the richest nation in the world, do we have an ethical obligation—as philosopher Peter Singer argues—to give away a substaintial chunk of our personal wealth to help others? And even if we do, can we write our favorite causes an IOU until the economic mess works itself out?

My take: I find Singer’s basic argument compelling, if guilt-inducing. We should still keep our checkbooks at the ready, not simply because it’s the right thing to do, but because nonprofits are an economic engine every bit as important as mismanaged auto companies or short-sighted investment firms. And they’re picking up much of the slack in our frayed social safety net. So, if you can afford it, go out and stimulate the economy and your conscience. (I don’t say this just because I work for a nonprofit magazine. Really.) Read my article and let me know what you think.

Image by Wikimedia Commons user Remi Jouan.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate