In 2012, private sector giving to the arts, culture, and humanities (by individuals, foundations, and corporations) was $14.4 billion, up 7.8 percent from $13.1 billion in 2011 (+5.7 percent when adjusted for inflation).  Arts organizations belong to a subsector of charities that relies heavily on individual giving and is particularly sensitive to changes in the economy.  Following a major decline during the Great Recession, the arts have slowly worked their way back as the economy has improved – though have yet to achieve pre-Recession levels.