Healthcare giving in the U.S. fell 11% to $7.644 billion in fiscal 2009 from $8.588 billion in fiscal 2008, according to a new report from the Association for Healthcare Philanthropy.
Healthcare giving down 11% in '09: report
The economic recession was behind the drop-off in giving, said William McGinly, president and CEO of the AHP, in a news release.
Individuals made up 85.4% of the donors and 63.1% of the donations. Businesses were 9.6% of the donors and provided 17% of the donations. Foundations made up 2.3% of donors and provided 11.3% of donations, with the balance falling into the other category.
The breakdown of how raised money was spent: construction and renovation, 27.3%; new equipment, 18.4%; charity care and community benefit, 18.1%; general operations, 15%; endowments, 6.5%; other uses, 5.6%; research and teaching, 5.1%; and hospice and long-term care, 4%.
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