American individuals, estates, foundations and corporations contributed an estimated $390.05 billion to U.S. charities in 2016, according to Giving USA, the annual report on philanthropy published by Giving USA Foundation.
Total giving rose 2.7 percent in current dollars (1.4 percent adjusted for inflation) from the revised estimate of $379.89 billion for total giving in 2015.
Charitable giving from individuals, foundations and corporations all increased in 2016, while gifts by estates decreased sharply.
Giving to all nine major categories of recipient organizations grew, making 2016 just the sixth time in the past 40 years that this has occurred. The nine categories are religion; education; human services; giving to foundations; health; public-society benefit; arts, culture and humanities; international affairs; and environment and animals.
“This report tells us that Americans remained generous in 2016, despite it being a year punctuated by economic and political uncertainty,” said Aggie Sweeney, CFRE, chair of Giving USA Foundation and senior counsel at Campbell & Company. “We saw growth in every major sector, indicating the resilience of philanthropy and diverse motivations of donors.”
The rise in total giving was spurred largely by giving from individuals, which increased nearly 4 percent in 2016.
Below are the highlights from the Giving USA Report. Click here to read more results.
June 25, 2017