Today’s Carolina Journal features my story about the federal gift fund administered by the U.S. Treasury Department. The fund takes voluntary donations to federal coffers.
Data from the U.S. Treasury Department shows Americans have little interest in voluntarily handing over their money to help pay for programs, services, and bureaucracies administered by the federal government. Contributions to the federal account titled “Gifts to the United States” totaled just $1,124,936.80 in fiscal year 2011, according to Tom Longnecker of the Treasury Department, which administers the gift account.
The $1.1 million gift tally represents an increase from the $698,708.40 donated to the federal bank account in FY 2010, but is down significantly from FY 2008’s total of nearly $3.8 million in contributions.