The Law of Tax-Exempt Organizations, 10th Edition 2014 Cumulative Supplement

CHAPTER TWO

Overview of Nonprofit Sector and Tax-Exempt Organizations

§ 2.1 Profile of Nonprofit Sector

§ 2.2 Organization of IRS

*(b) Tax-Exempt and Government Entities Division

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while for 2011 the amount of charitable giving was an estimated $298 billion.

§ 2.1 PROFILE OF NONPROFIT SECTOR

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Charitable giving in the United States in 2012 is estimated to have totaled $316.23 billion.⁶⁷ Giving by individuals in 2012 amounted to an estimated $228.93 billion; this level of giving constituted 72 percent of all charitable giving for the year. Grantmaking by private foundations is an estimated $45.74 billion (15 percent of total funding). Gifts in the form of charitable bequests in 2012 are estimated to be $23.41 billion (7 percent of total giving). Gifts from corporations in 2012 totaled $18.15 billion (6 percent of total giving for that year).

Contributions to religious organizations in 2012 totaled $101.54 billion (32 percent of all giving that year). Gifts to educational organizations amounted to $41.33 billion (13 percent); to human service entities, $40.4 billion (13 percent); to foundations, $30.58 billion (9 percent); to health care institutions, $28.12 billion (9 percent); to public-society benefit organizations, $21.63 billion (7 percent); to international affairs entities, $19.11 billion (6 percent); to arts, culture, and humanities entities, $14.44 billion ...