Charitable giving nationwide has taken a big hit since the recession started, and Boston is no exception. Contributions have fallen off as donors, worried about their own economic security, pull back — amounting to as much as $350 billion in lost contributions.
As the economy recovers, wallets are starting to open again. According to a new study conducted by The Boston Foundation and Boston College’s Center on Wealth and Philanthropy, as much as $1 trillion could go to Boston nonprofits over the next 50 years.
Professor Paul Schervish, who conducted research for the study, joined WBUR’s Morning Edition to discuss his findings.