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Charitable giving in 2024 was up, according to new Giving USA report

  • U.S. charitable giving increased in 2024 to $593 billion, marking a 3.3% rise adjusted for inflation, according to the Giving USA Foundation report.
  • This growth followed a strong economy with 2.8% GDP growth, rising personal income, positive consumer sentiment, and easing inflation that bolstered individual and corporate donations.
  • Gifts to education rebounded nearly 10% to a record $88 billion, while corporate giving reached a record $44.4 billion, representing 1.1% of pretax profits amid strong stock market performance.
  • Wendy McGrady highlighted that charitable contributions in 2024 hit an all-time high when measured in nominal terms and increased in a manner aligned with historical patterns, demonstrating Americans’ consistent commitment to supporting nonprofit causes.
  • The sustained giving rise suggests resilience in philanthropy despite ongoing uncertainty, with individuals providing the largest share and trusts being vital despite a 4.4% decline in bequests adjusted for inflation.
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Charitable giving in 2024 was up, according to new Giving USA report

Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent ”Giving USA″ report, which takes a comprehensive look at U.S. philanthropy.

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City AM broke the news in London, United Kingdom on Monday, June 23, 2025.
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