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Pre-Pandemic USA Charitable Giving Rose To $449.64 Billion – Up 4.2% in Current Dollars, Up 2.4% Adjusted for Inflation
Throughout 2019, Americans continued to support charities. Gifts from individuals, their bequests, foundations, and corporations totaled $449.64 billion given to US charities according to Giving USA 2020, The Annual Report on Philanthropy for the Year 2019.
In a statement issued jointly by Giving USA and the IUPUI Lilly Family School of Philanthropy, the total reported is the second-highest total on record, slightly below the all-time high in 2017.
Giving was up from individuals, foundations, and corporations. Giving from bequests was flat, up 2% over 2018, but down l.6% when adjusted for inflation.
The important take-away for most of us is that giving by individuals, their bequests, and their family foundations, amounted to an overwhelming 86% of last year’s giving.
Graphics are shown at the right. To receive your own copy of the Another Perspective bar chart and/or to receive the Giving USA/Lilly Family School of Philanthropy press release that has useful highlights that will make you an instant expert, click the links below, and for a free Giving USA 2019 report highlights go to www.GivingUSA.org to download it or to order a copy of the full report.
While many are concerned about giving this year in a time of a worldwide medical crisis, widespread civil unrest, and a wildly fluctuating stock market, it’s important to remember the consistent and strong base of giving with which 2019 ended and 2020 began.
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If something is worth doing, it is worth doing
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