Year: 2025
Type: article
Abstract: Including Foundation and Corporate Grants AlertGiving USA data shows surge in U.S. charitable giving in 2024 N ew research from the Giving USA Foundation shows that overall charitable giving in the United States grew by 6.3% in 2024, reaching a total of $592.5 billion in current dollars and marking a new record high by that measure.After inflation is taken into account, giving grew by about 3.3% for the year, a strong performance after 2023, which saw inflation-adjusted giving decline by 2.1% for the year.The research-included in the recently published Giving USA 2025: The Annual Report on Philanthropy for the Year 2024-totaled all U.S. charitable giving from individual donations, bequests, foundations and corporations.Per the report, growth in total giving in 2024 moved toward the 40-year averages-roughly 5.5% in current dollars (2.7% adjusted for inflation)-signaling a positive year aligned with long-term trends.According to the report, giving by individuals, corporations and foundations all increased in current dollars, thanks to a strong economy.Adjusted for inflation, giving by individuals and corporations grew, while foundation giving stayed flat compared to the prior year.More specifically:• Individual giving, which comprises two-thirds of all
Source: Corporate Philanthropy Report
DOI: 10.1002/cprt.32373
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4414989885
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