Tuesday,  June 17, 2014 • Vol. 16--No. 333 • 35 of 39

(Continued from page 34)

• In 2008, improved infrared imagery revealed for the first time a man's bearded face resting on his hand with three rings on his fingers. He's dressed in a jacket and bow tie. A technical analysis confirmed the hidden portrait is a work Picasso likely painted just before "The Blue Room," curators said. After the portrait was discovered, conservators have been using other technology to scan the painting for further insights.
• ___

Charitable giving surges for colleges, hospitals; flat for churches, social service groups

• NEW YORK (AP) -- Wealthy donors are lavishing money on their favored charities, including universities, hospitals and arts institutions, while giving is flat to social service and church groups more dependent on financially squeezed middle-class donors, according to the latest comprehensive report on how Americans give away their money.
• The Giving USA report, being released Tuesday, said Americans gave an estimated $335.17 billion to charity in 2013, up 3 percent from 2012 after adjustment for inflation.
• Reflecting the nation's widening wealth gap, some sectors fared far better than others. Adjusted for inflation, giving was up 7.4 percent for education, 6.3 percent for the arts and humanities, and 4.5 percent for health organizations, while giving to religious groups declined by 1.6 percent and giving to social service groups rose by only 0.7 percent.
• Experts with the Giving USA Foundation and its research partner, the Indiana University Lilly Family School of Philanthropy, said it was the fourth straight year of increased overall giving, and predicted that within two more years the total could match the pre-recession peak of $347.5 billion.
• During and immediately after the recession, some wealthy donors shifted their giving to social service groups working to combat hunger and homelessness, according to Patrick Rooney, associate dean of the school of philanthropy. Now, many of those donors -- including some making multimillion-dollar gifts -- are refocusing their attention on higher education, the arts and other sectors long patronized by the affluent, he said.
• ___


(Continued on page 36)

© 2013 Groton Daily Independent • To send correspondence, click here.