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Giving Strong Reaching $557.16 billion in 2023 Charitable Giving, Up 1.9% , a high in current dollars, but declined 2.1% when adjusted for inflation.

Generous Americans continued to support charitable causes with individual gifts, bequests, foundation grants, and corporate giving during a year that saw a strong stock market and GDP.

“Americans increased their giving over the previous year despite the elevated cost of living and headlines warning of a possible recession in 2023,” said Josh Birkholz Chair of Giving USA Foundation and CEO of BWF. “ We’re not yet back to the highs of pandemic-era giving, but there are some signs of stability,” he added.

But the important take-away for most of us is that giving by individuals, their bequests, and their family foundations amounted to an overwhelming 84.2% of the 2023 giving.

Gifts from all four sources of giving (Individuals, Foundations, Bequests, and Corporations grew in current dollars, but remained flat or declined when adjusted for inflation. Corporate giving rose significantly buoyed by a strong GDP and stock market, and Foundation giving rose as well.

The strong market likely encouraged very large gifts from some of the wealthiest Americans, reaching a total of $8.07 billion in 2023, about 2% of individual giving. Many of more modest means made directed payment distributions directly from their IRA accounts to help charities while avoiding income that would otherwise have been taxable to themselves.

Giving USA 2024: The Annual Report on Philanthropy for the Year 2023, is a publication of the Giving USA Foundation, 2024, researched and written by the Indiana University Lilly Family School of Philanthropy.

Graphics are shown at the right.

For your own copy of the Another Perspective bar chart as a fully animated PowerPoint slide and/or to receive the Giving USA/Lilly Family School of Philanthropy Press Release with its useful highlights that will make you an instant expert, click the links below. For a free Giving USA 2024 highlights report go to www.GivingUSA.org to download it or to order a copy of the full report.

If you prefer either the bar chart or the press release (or both) directly, email me at Sandy@AlexanderMacnab.com and ask me to send them to you as an attachment.

Giving USA/Lilly Family School of Philanthropy Press Release

Giving USA Another Perspective 2023 Chart

You may download them by right-clicking and selecting “Save link as…”. 

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