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W. Va. Sees $10 Million Drop In Charitable Giving
By: Associated Press
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HUNTINGTON, W.Va. (AP) — A philanthropic group says there has been a $10 million drop in charitable giving in West Virginia over the period of a year.
The report released Tuesday by the Philanthropy West Virginia reveals there was a 2.2 percent decline in charitable giving between 2012 and 2013 while the national average for the same time period increased by 5.4 percent.
The Herald-Dispatch reports the data examined federal tax return numbers from 2013, the most recent year available.
Paul D. Daugherty, president and chief executive officer of the group, says the decline was due to the state’s slower recovery from the 2008 recession.
Philanthropy West Virginia describes itself as a statewide leadership organization for private, family, corporate and community foundations.