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For Immediate Release
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DollarDays International, Inc.
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Giving is Down but Caring Is Up, by

Giving is Down but Caring Is Up

Scottsdale -- 6 June, 2012 --

The people of The United States were ranked as the most generous in the world in terms of giving time and money to nonprofits in 2011, up from fifth place in 2010 according to the Los Angeles Times. 65% of Americans said they donated money to charity, 43% volunteered their time and 73% helped a stranger. As far as giving money, Thailand is the most generous with 85% of their population donating money and in the United Kingdom 79% gave money; but the British and most of the rest of the world are about half as likely to do volunteer work as Americans; so that is how America regained its #1 ranking in 2011. The top-ranked USA was followed by Ireland, Australia, New Zealand and the UK.

The Center of Philanthropy at Indiana University reported that American's overall, contributed 2% of disposable personal income to philanthropic causes, which is the percent that has remained consistent over the decades through the boom times and recessions. This tells us that despite personal and economic hardships, American's remain steadfastly committed to each other and their communities. Philanthropy is at the heart of who we are as a society. The Center breaks down our giving as:
Religious Donations		35%
Education			14%
To Foundations			11%
Human Services (Emergencies)	  9%
Health				  8%
Public Society Benefits		  8%
Arts, Culture & Humanities	  5%
International Affairs		  5%
Environment/Animals		  2%


We have always believed that our top 1% is the most generous part of our population to nonprofit organizations. According to Philanthropy.com the top 50 donors in 2011 contributed $10.4 Billion of which $6 Billion was from Margaret Cargill who died in 2006 and her assets formed a foundation in 2011, so without this, the top 50 total was $4.4 Billion. In 2007, the top 50 gave $7.3 Billion and in 2008 the top 50 gave $15.5 Billion. 29 people on the top 50 list in 2011 gave $50 million or more. But wealthy people still are not feeling as generous as before the recession we are currently in. The median gift from these donors is $61 Million compared to $74.7 million in 2007.

This top 50 group gives differently than the rest of the USA. 36% went to higher education, 35% to foundations and 15% to hospitals, medical centers and medical research. No one in this top 50 gave a gift of $5 Million or more to a social services group. Many philanthropists don't see human service organizations as the best way to alleviate America's problems. Quoting Eli Broad (#49), "he has some sympathy for the Occupy Wall Street protestors, but their message of inequality supports his diagnosis of what ails America: a poor education system and education will help solve many of our problems". Interesting within this top 50 group, only 2 people who made the biggest gifts of the year are among the 69 who signed the Warren Buffet and Bill and Melinda Gates Giving Pledge, which promises to commit at least half of their wealth to charities.

Forbes reported that the 200 largest USA charities are only 0.002 of 1% of the country's 1.5 million tax-exempt organizations. Yet these top 200 received $41 Billion in gifts; which is one seventh of all charitable contributions. The largest charity is The United Way; with #2 being The Salvation Army and #3 is Feeding America. In June 2011, 275,000 nonprofit organizations lost their tax exempt status for failure to file legally required documents for three consecutive years. In fact, according to the IRS Tax Exempt Organizations Table 25, there are less tax exempt organizations in 2011 than in every year since 2003. With this turmoil in nonprofit organizations going in and out of business, it is no wonder that our largest donors tend to migrate to the nonprofit organizations that have been around awhile and have a track record.

The rest of us 99% don't have the luxury of giving millions of dollars to our favorite charity. But we can give a little, even if it is the national average of 2% to support causes we believe will help change the world. Here is the link to give to The United Way. Here is the link to give to The Salvation Army. DollarDays on its Facebook page is now taking nominations for 18 nonprofits to share in $5,000 of merchandise to help their causes. You should nominate your favorite nonprofit. It is an act of kindness that cost you nothing.

Giving is as good for your own soul as it is for the people you help. If you don't have the cash, do what 43% of American's do – volunteer to help a nonprofit that helps others. This is an honorable way to be part of giving back, so those in need don't give up. Giving of your time or giving of your hard earned dollars has a rippling effect. A single act of kindness can change lives…and statistics.
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About DollarDays International, Inc.
DollarDays International is a Web-based virtual warehouse, where small business owners and charities can find great deals on small business-sized orders for more than 250,000 consumer products, from toys and household décor to apparel, electronics and seasonal merchandise. Due to its innovative business model, DollarDays prices are not only often far below those which most small business are accustomed to, but the offerings include many name-brand products as well as rock-bottom pricing on overstocked and closeout items. DollarDays International helps its customers to select those items, both seasonal and everyday, which sell quickly to promote both a higher inventory turn and better margins. In 2006, DollarDays made its debut at number 158 on Inc. Magazine 500 list of fastest growing private companies and recently was named one-of-50 second-stage Arizona “Companies to Watch” by the Arizona Small Business Association. DollarDays' prices are among the lowest available to small businesses. Membership is free and any small business is eligible to shop at www.dollardays.com.
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