The philanthropy boom.

From: National Review | Date: December 31, 1989| Author: Frumkin, Peter; Lenkowsky, Leslie | Copyright information

The Philanthropy Boom

WASHINGTON, D.C.--Eight years ago, when Ronald Reagan first suggested that charitable giving could go a long way toward replacing parts of the federal budget, he was regarded as unrealistic at best, and heartless at worst. Yet, according to estimates reported recently by the American Association of Fund-Raising Counsel, gifts and bequests in 1988 topped the $100-billion mark, more than double what they were in 1981 and considerably more than the $83 ...

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