Total charitable giving grew 5.1% in 2020

27/06/2021 - For more than 65 years the Annual Report on Philanthropy in America (Giving USA) has provided comprehensive charitable giving data that are relied on by donors, fundraisers and nonprofit leaders.

Total charitable giving grew 5.1% in 2020 measured in current dollars over the revised total of $448.66 billion contributed in 2019.
Adjusted for inflation, total giving increased 3.8%.
(…) Remarkably, generous giving coupled with the stock market turnaround in the final months of the year boosted contributions.
As a result, 2020 is the highest year of charitable giving on record,” said Laura MacDonald, CFRE, chair of Giving USA Foundation and Principal and Founder of Benefactor Group.

Highlights

• Giving by individuals totaled an estimated $324.10 billion, rising 2.2% in 2020
•  Giving by foundations increased 17.0%, to an estimated $88.55 billion 
•  Giving by bequest was an estimated $41.19 billion in 2020, and grew 10.3%
• Giving by corporations is estimated to have declined by 6.1% in 2020 to $16.88 billion

Source
- Giving USA Foundation – ‘Giving USA 2021’ (link)
- Shelter Insinghts: ‘GIVING USA 2021: INSIDE THE NUMBERS (link)