Overall charitable giving to nonprofit organizations grew robustly in the June-to-August period compared with the same period last year, according to the latest Blackbaud Charitable Giving Index, but growth in donations slowed as the summer progressed.
"Not surprisingly, it appears that our country's continuing economic problems are once again weighing on donors' checkbooks," Chuck Longfield, Blackbaud's chief scientist and creator of The Blackbaud Index, said in a statement.
The Blackbaud Index of Charitable Giving and The Blackbaud Index of Online Giving, which are updated monthly, are based on a three-month moving average of year-over-year percentage changes in U.S.-based charitable giving.
In a report released Tuesday, the Blackbaud Index of Charitable Giving showed that overall charitable revenue grew by 6.8% for the three months to the end of August, based on $2.3 billion in 12 months' revenue from 1,276 nonprofit organizations.