08/09/2010 05:12 am ET | Updated May 25, 2011

College Donations Fall 3.6%

It is no surprise that charitable giving by the wealthy declined last year. According to a report released today by Giving USA and the Center on Philanthropy at Indiana University, individual giving fell an estimated 0.4% in 2009, to $227.41 billion--a fairly mild drop. Total giving, by the wealthy, companies, foundations and bequests, fell 3.9% to $303.75 billion.

According to the report, charitable donors are moving away from the the standard charitable causes--religion, education and the arts--to focus their money on health, human services and the overseas poor.

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