Donations from America’s individuals, estates, foundations and corporations reached an estimated $373.25 billion in 2015, setting a record for the second year in a row, reports Giving USA 2016: The Annual Report on Philanthropy for the Year 2015.
In 2015, total giving grew 4.1 percent in current dollars (4.0 percent when adjusted for inflation) over 2014. The revised inflation-adjusted estimate for total giving in 2014 was $359.04 billion, with current-dollar growth of 7.8 percent, and an inflation-adjusted increase of 6.1 percent.
Charitable contributions from all four sources went up in 2015, with those from individuals once again leading the way in terms of total dollar amount, at $264.58 billion.
Not only did individuals give the most; by upping their gifts 3.8 percent when measured in current dollars (and 3.7 percent when inflation-adjusted), in 2015 they were responsible for two-thirds of the year’s overall increase in total giving.
In 2015, the largest year-over-year percentage increase in contributions from sources however, came via grants made by the country’s independent, community and operating foundations, according to data provided by the Foundation Center. It went up 6.5 percent in current dollars, and 6.3 percent when adjusted for inflation. Over the past several years, foundations have seen strong asset growth, helping drive their ability to increase donations made in the form of grants
The Numbers for 2015 Charitable Giving by Source:
Individual giving, $264.58 billion, increased 3.8 percent in current dollars (and 3.7 percent when inflation-adjusted) over 2014. Foundation giving, $58.46 billion, was 6.5 percent higher than 2014 (6.3 percent when inflation-adjusted). Charitable bequests, $31.76 billion, increased 2.1 percent (1.9 percent when inflation-adjusted) over 2014.
Corporate giving, $18.45 billion, increased 3.9 percent (3.8 percent when inflation-adjusted) over 2014 giving.
Read the Giving USA 2016 Report highlights below. You can order complete reports from www.givingusa.org.
January 19, 2016