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 grew to $593B in 2024, propelled by a strengthening US economy and a booming stock market
Paul Newman, the late actor and philanthropist, co-founded Camp Boggy Creek, which children with serious illnesses and their families attend for free. AP Photo/Phelan M. EbenhackU.S. charitable giving increased 3.3% to US$593 billion in 2024, lifted by the strength of the economy. The annual report from the Giving USA Foundation, produced in partnership with the Indiana University Lilly Family School of Philanthropy, found that this was the seco…

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.
Charitable giving in the US rose by more than 3% last year
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. Only one major cause—religion—saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layof…
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