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According to an annual report thereleaseed Wednesday, U.S. giving in 2008 was $307.65 down about 2 percenft from 2007’s record total of $314.07 billion. When adjusted for the drop is 5.7 percent. The reduction is the first in the survey’s 52-year history causefd by economic conditions. A slighg decline in 1987 is attributed to changesx intax laws. This year could bringg a steeper decline due to a variety of including proposed federal limits on householrdcharitable deductions, increased savingws rates and the general economy, said Jimmiew Alford, founder of the , a national nonprofit consultant based in Seattle.
Alford said 2009 could bring a reductionn in giving between 3 percent and 5 percent inactualo dollars. The nonprofit sectorr accounts for about 10 percent ofthe nation’es gross domestic product and employs 18 most of whom work in education and healt h care, according to the Alfors Group.
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