Charitable Giving in US Tops $400 Billion For First Time
Charitable giving in the United States in 2017 topped the $400 billion mark for the first time, according to the latest report on Americans’ giving patterns.
The Giving USA report, released Tuesday, said giving from individuals, estates, foundations and corporations reached an estimated $410 billion. The total was up 5.2 percent in current dollars (3 percent adjusted for inflation) from the estimate of $389.64 billion for 2016.
“Americans’ record-breaking charitable giving in 2017 demonstrates that even in divisive times our commitment to philanthropy is solid,” said Aggie Sweeney, chair of Giving USA Foundation, which publishes the annual report. It is researched and written by the Indiana University Lilly Family School of Philanthropy.