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Los Angeles Times
04-07-2025
- Business
- Los Angeles Times
Charitable giving in 2024 was up, according to new Giving USA report
Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent ' Giving USA ″ report, which takes a comprehensive look at U.S. philanthropy. Only one major cause — religion — saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layoffs, increased demand for services, and market uncertainty that has led some donors to pull back. 'There's a lot of uncertainty, a lot of volatility, especially in financial markets,' said Una Osili, an associate dean at the Indiana University Lilly Family School of Philanthropy. 'When you're not sure exactly what's happening and the news is changing, that sometimes leads to donors just being uncertain and not acting. Uncertainty can dampen giving.' Yet last year marked a return to typical giving patterns, said Jon Bergdoll, managing director for Giving USA. The pandemic and high inflation of recent years were atypical, he said, which meant giving patterns didn't always align with traditional models. In 2024, things lined up as expected. 'The fundamentals of giving are still working like they historically have in the U.S.,' Bergdoll said. 'We've been through a lot of changes, and there's potentially more on the horizon, but it is important to take comfort in that we are still seeing the same things move and shift giving that 20 years ago moved and shifted giving.' Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, after adjusting for inflation. Individual giving was up 5%. Foundation giving was down by half a percent. Bequests (money given through wills) were down 4.4% — but Bergdoll noted bequests are historically volatile because the data can be shifted 'by a single billionaire passing away.' The share of giving by each source remained stable over the past two years. In 2024, individuals accounted for the largest share of giving, 66%, followed by foundations at 19%, bequests at 8%, and corporations at 7%. While inflation-adjusted giving by foundations was down, most organizations would not have felt the drop because in current dollars, foundations gave 2.4% more. Giving to various causes increased almost across the board. The biggest jumps were in giving to public society benefit, 16.1%; international affairs, 14.3%; and education, 9.9%. The public society benefit category includes organizations like the United Way, as well as commercial donor-advised funds, which have increased in popularity as contribution vehicles. Compassion International had its best fundraising year ever in 2024, says Mark Hanlon, chief development officer. He noted that the group received some outlier gifts, but even taking those out, the organization had strong growth, which he attributed to the organization's ongoing engagement with donors. At Brown University, giving was up, due in part to the end of a capital campaign that started in 2014. That helped the university keep annual donors engaged in giving, Sergio Gonzalez, senior vice president for advancement, said. 'It was not only the larger gifts that really were transformative but the cumulative giving from all,' he said. 'Those dollars are critically important.' The causes that showed the least growth included religion, which was down 1% after adjusting for inflation, gifts to foundations, which rose half a percent, and gifts to health and human services, which rose 2% for both categories. Nonprofits are worried — both about how much money will be coming in and the level of demand for their services. Changes in federal funding are a big deal for human services organizations. The Mid-Ohio Food Collective, a food bank that serves more than 20 counties from rural Appalachia to urban centers like Columbus, is worried about potential funding cuts to the Supplemental Nutrition Assistance Program and what they will mean for the people the food bank serves. 'There's been millions and millions of dollars in cuts to the food that was going to be coming to food banks,' said Matt Habash, the group's CEO. 'For every meal we give out in the food-bank world, SNAP is nine meals. So you cut SNAP and there's no food there from the private sector to make that up.' The uncertainty surrounding government support makes it hard to know what to ask for from foundations and major donors, said Roger Schulman, CEO of the Fund for Educational Excellence, a nonprofit that aims to close equity gaps for students in Baltimore City schools. 'The gaps that are being left by the clawback of federal dollars as well as the unpredictability of what federal dollars will or will not come in the coming year has made it really hard to understand where philanthropy can make a difference right now in a meaningful way,' Schulman said. 'The gap is so big that even our largest foundations can only do so much to help sustain what is.' The general feeling is it's going to be a rough year, says Jim Klocke, CEO of the Massachusetts Nonprofit Network. Each year, the network surveys its roughly 700 members. One perennial question on the survey: What do you think your financial condition will be like a year from now? 'Usually, you get more organizations that say my financial picture will be better in a year. Some say worse, but more say better,' Klocke said. 'This time, almost everybody said they expect their financial condition to be worse a year from now. It's a pretty much across-the-board concern.' Some organizations are worried about their donors' shifting priorities. Bergdoll, with Giving USA, said in times of crises, human-services organizations, which feed and house people, often see a bump in donations. The Mid-Ohio Food Collective, for example, is trying to shift its messaging to persuade local donors to step up. 'The cavalry is not coming from the federal government,' Habash said. 'Even our state government has cut back on the amount of money they're giving us. The messaging for us is really about local. We've got to convince people locally to do something.' Rasheeda Childress is a senior editor at the Chronicle of Philanthropy. This article was provided to the Associated Press by the Chronicle of Philanthropy as part of a partnership.
Yahoo
24-06-2025
- Business
- Yahoo
Charitable giving grew to $593B in 2024, propelled by a strengthening US economy and a booming stock market
U.S. charitable giving increased 3.3% to US$593 billion in 2024, lifted by the strength of the economy. The annual report from the Giving USA Foundation, produced in partnership with the Indiana University Lilly Family School of Philanthropy, found that this was the second-highest level on record after adjusting for inflation. Giving grew at the fastest pace since 2021, when the COVID-19 pandemic led many Americans to make larger-than-usual donations. It was also the first time since then that growth in giving outpaced inflation. As two of the report's lead researchers, we see many signs of healthy growth in charitable giving in 2024. Our data shows that the strong economy, which grew 2.8% in 2024, bolstered individual and corporate giving and allowed foundations to maintain the historically high level of giving seen from them in recent years. It also helped that stock markets performed well in 2024, consumer sentiment was generally positive, personal income rose and inflation continued to ease. Donations to nearly every charitable category we track grew. Individual donors continued to provide the bulk of the nation's charitable gifts. The $392 billion they gave to charity accounted for two-thirds of the year's total. Giving by individuals grew 5.1% from 2023 − a swifter pace than for all donations. Corporate giving rose even faster. It was up 6% to a record $44 billion. This growth reflects the high pretax profits earned by corporations in 2024 and the trend toward corporations donating a higher share of pretax profits in recent years. For example, corporations generally donated less than 1% of pretax profits from 2004-2018. But our research team started to see corporate giving rise to 1% or more in the 2019 data. This was also the case in 2024, when corporate giving stood at 1.1% of pretax profits. Corporate philanthropy has grown by more than 50% since 2019, a trend that has coincided with rising in-kind donations of insulin products and other pharmaceuticals. Drugmakers made an estimated $24 billion in these donations in 2024 − up 41% since 2019. To be sure, corporations' donations amounted to just 7% of overall giving in 2024. Meanwhile, grants made by foundations exceeded $100 billion for the third straight year. Almost $1 out of every $5 contributed to charity was from a foundation in each of those years. Giving by foundations in the five years ending in 2024 was higher than any other period since Giving USA has tracked this data. Foundation giving, however, remained fairly flat from 2023 to 2024, at about $110 billion. Around 8% of all gifts made in 2024 were from bequests included in people's wills, the same as in 2023. Bequests totaled $44 billion, down 4.4% when adjusted for inflation. But the total given through bequests varies quite a bit from year to year. Donations to most of the nine charitable categories Giving USA tracks increased. The one exception: Gifts to churches and other religious institutions fell 1%. But religious giving remained by far the top category, followed by human services and education. Religious causes received 23% of all donations, a total of $147 billion. Giving to human services nonprofits, such as food banks and homeless shelters, increased considerably during the pandemic. It now accounts for about 14% of all donations. In 2024, these gifts totaled $91 billion. Giving to education, which primarily consists of donations to colleges and universities has tended to grow more slowly than overall giving in recent years. Giving for education rebounded to a record high in 2024, however, rising nearly 10% from a year earlier. And these gifts have grown at a quick pace over the past decade, increasing by more than 22% from 2015 to 2024. The $88 billion in gifts received for education in 2024 was the third-largest of the nine categories we follow. Several other categories also reached all-time highs of giving in 2024: health, at $61 billion; arts, culture and humanities, at $25 billion; and environment and animals, at $22 billion. The increases in giving for most kinds of nonprofits, supported by strong growth in giving by individuals and corporations, indicate that the charitable sector ended 2024 in a relatively solid position. Jon Bergdoll receives grant funding from the Giving USA Foundation, which publishes Giving USA. Christina Daniken receives grant funding from the Giving USA Foundation, which publishes Giving USA. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
24-06-2025
- Business
- San Francisco Chronicle
Charitable giving in 2024 was up, according to new Giving USA report
Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent ' Giving USA ″ report, which takes a comprehensive look at U.S. philanthropy. Only one major cause — religion — saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layoffs, increased demand for services, and market uncertainty that has led some donors to pull back. 'There's a lot of uncertainty, a lot of volatility, especially in financial markets,' said Una Osili, an associate dean at the Indiana University Lilly Family School of Philanthropy. 'When you're not sure exactly what's happening and the news is changing, that sometimes leads to donors just being uncertain and not acting. Uncertainty can dampen giving.' Yet last year marked a return to typical giving patterns, said Jon Bergdoll, managing director for Giving USA. The pandemic and high inflation of recent years were atypical, he said, which meant giving patterns didn't always align with traditional models. In 2024, things lined up as expected. 'The fundamentals of giving are still working like they historically have in the U.S.,' Bergdoll said. 'We've been through a lot of changes, and there's potentially more on the horizon, but it is important to take comfort in that we are still seeing the same things move and shift giving that 20 years ago moved and shifted giving.' Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, after adjusting for inflation. Individual giving was up 5%. Foundation giving was down by half a percent. Bequests (money given through wills) were down 4.4% — but Bergdoll noted bequests are historically volatile because the data can be shifted 'by a single billionaire passing away.' The share of giving by each source remained stable over the past two years. In 2024, individuals accounted for the largest share of giving, 66%, followed by foundations at 19%, bequests at 8%, and corporations at 7%. Giving by sector Giving to various causes increased almost across the board. The biggest jumps were in giving to public society benefit, 16.1%; international affairs, 14.3%; and education, 9.9%. The public society benefit category includes organizations like the United Way, as well as commercial donor-advised funds, which have increased in popularity as contribution vehicles. Compassion International had its best fundraising year ever in 2024, says Mark Hanlon, chief development officer. He noted that the group received some outlier gifts, but even taking those out, the organization had strong growth, which he attributed to the organization's ongoing engagement with donors. At Brown University, giving was up, due in part to the end of a capital campaign that started in 2014. That helped the university keep annual donors engaged in giving, Sergio Gonzalez, senior vice president for advancement, said. 'It was not only the larger gifts that really were transformative but the cumulative giving from all,' he said. 'Those dollars are critically important.' The causes that showed the least growth included religion, which was down 1% after adjusting for inflation, gifts to foundations, which rose half a percent, and gifts to health and human services, which rose 2% for both categories. Effects of government cuts Nonprofits are worried — both about how much money will be coming in and the level of demand for their services. Changes in federal funding are a big deal for human services organizations. The Mid-Ohio Food Collective, a food bank that serves more than 20 counties from rural Appalachia to urban centers like Columbus, is worried about potential funding cuts to the Supplemental Nutrition Assistance Program and what they will mean for the people the food bank serves. 'There's been millions and millions of dollars in cuts to the food that was going to be coming to food banks,' said Matt Habash, the group's CEO. 'For every meal we give out in the food-bank world, SNAP is nine meals. So you cut SNAP and there's no food there from the private sector to make that up.' The uncertainty surrounding government support makes it hard to know what to ask for from foundations and major donors, said Roger Schulman, CEO of the Fund for Educational Excellence, a nonprofit that aims to close equity gaps for students in Baltimore City schools. 'The gaps that are being left by the clawback of federal dollars as well as the unpredictability of what federal dollars will or will not come in the coming year has made it really hard to understand where philanthropy can make a difference right now in a meaningful way,' Schulman said. 'The gap is so big that even our largest foundations can only do so much to help sustain what is.' The general feeling is it's going to be a rough year, says Jim Klocke, CEO of the Massachusetts Nonprofit Network. Each year, the network surveys its roughly 700 members. One perennial question on the survey: What do you think your financial condition will be like a year from now? 'Usually, you get more organizations that say my financial picture will be better in a year. Some say worse, but more say better,' Klocke said. 'This time, almost everybody said they expect their financial condition to be worse a year from now. It's a pretty much across-the-board concern.' Some organizations are worried about their donors' shifting priorities. Bergdoll, with Giving USA, said in times of crises, human-services organizations, which feed and house people, often see a bump in donations. The Mid-Ohio Food Collective, for example, is trying to shift its messaging to persuade local donors to step up. 'The cavalry is not coming from the federal government,' Habash said. 'Even our state government has cut back on the amount of money they're giving us. The messaging for us is really about local. We've got to convince people locally to do something.' ______
The Hill
24-06-2025
- Business
- The Hill
Charitable giving in 2024 was up, according to new Giving USA report
Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent ' Giving USA ″ report, which takes a comprehensive look at U.S. philanthropy. Only one major cause — religion — saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layoffs, increased demand for services, and market uncertainty that has led some donors to pull back. 'There's a lot of uncertainty, a lot of volatility, especially in financial markets,' said Una Osili, an associate dean at the Indiana University Lilly Family School of Philanthropy. 'When you're not sure exactly what's happening and the news is changing, that sometimes leads to donors just being uncertain and not acting. Uncertainty can dampen giving.' Yet last year marked a return to typical giving patterns, said Jon Bergdoll, managing director for Giving USA. The pandemic and high inflation of recent years were atypical, he said, which meant giving patterns didn't always align with traditional models. In 2024, things lined up as expected. 'The fundamentals of giving are still working like they historically have in the U.S.,' Bergdoll said. 'We've been through a lot of changes, and there's potentially more on the horizon, but it is important to take comfort in that we are still seeing the same things move and shift giving that 20 years ago moved and shifted giving.' Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, after adjusting for inflation. Individual giving was up 5%. Foundation giving was down by half a percent. Bequests (money given through wills) were down 4.4% — but Bergdoll noted bequests are historically volatile because the data can be shifted 'by a single billionaire passing away.' The share of giving by each source remained stable over the past two years. In 2024, individuals accounted for the largest share of giving, 66%, followed by foundations at 19%, bequests at 8%, and corporations at 7%. While inflation-adjusted giving by foundations was down, most organizations would not have felt the drop because in current dollars, foundations gave 2.4% more. Giving to various causes increased almost across the board. The biggest jumps were in giving to public society benefit, 16.1%; international affairs, 14.3%; and education, 9.9%. The public society benefit category includes organizations like the United Way, as well as commercial donor-advised funds, which have increased in popularity as contribution vehicles. Compassion International had its best fundraising year ever in 2024, says Mark Hanlon, chief development officer. He noted that the group received some outlier gifts, but even taking those out, the organization had strong growth, which he attributed to the organization's ongoing engagement with donors. At Brown University, giving was up, due in part to the end of a capital campaign that started in 2014. That helped the university keep annual donors engaged in giving, Sergio Gonzalez, senior vice president for advancement, said. 'It was not only the larger gifts that really were transformative but the cumulative giving from all,' he said. 'Those dollars are critically important.' The causes that showed the least growth included religion, which was down 1% after adjusting for inflation, gifts to foundations, which rose half a percent, and gifts to health and human services, which rose 2% for both categories. Nonprofits are worried — both about how much money will be coming in and the level of demand for their services. Changes in federal funding are a big deal for human services organizations. The Mid-Ohio Food Collective, a food bank that serves more than 20 counties from rural Appalachia to urban centers like Columbus, is worried about potential funding cuts to the Supplemental Nutrition Assistance Program and what they will mean for the people the food bank serves. 'There's been millions and millions of dollars in cuts to the food that was going to be coming to food banks,' said Matt Habash, the group's CEO. 'For every meal we give out in the food-bank world, SNAP is nine meals. So you cut SNAP and there's no food there from the private sector to make that up.' The uncertainty surrounding government support makes it hard to know what to ask for from foundations and major donors, said Roger Schulman, CEO of the Fund for Educational Excellence, a nonprofit that aims to close equity gaps for students in Baltimore City schools. 'The gaps that are being left by the clawback of federal dollars as well as the unpredictability of what federal dollars will or will not come in the coming year has made it really hard to understand where philanthropy can make a difference right now in a meaningful way,' Schulman said. 'The gap is so big that even our largest foundations can only do so much to help sustain what is.' The general feeling is it's going to be a rough year, says Jim Klocke, CEO of the Massachusetts Nonprofit Network. Each year, the network surveys its roughly 700 members. One perennial question on the survey: What do you think your financial condition will be like a year from now? 'Usually, you get more organizations that say my financial picture will be better in a year. Some say worse, but more say better,' Klocke said. 'This time, almost everybody said they expect their financial condition to be worse a year from now. It's a pretty much across-the-board concern.' Some organizations are worried about their donors' shifting priorities. Bergdoll, with Giving USA, said in times of crises, human-services organizations, which feed and house people, often see a bump in donations. The Mid-Ohio Food Collective, for example, is trying to shift its messaging to persuade local donors to step up. 'The cavalry is not coming from the federal government,' Habash said. 'Even our state government has cut back on the amount of money they're giving us. The messaging for us is really about local. We've got to convince people locally to do something.' ______ Rasheeda Childress is a senior editor at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP's philanthropy coverage, visit
Winnipeg Free Press
24-06-2025
- Business
- Winnipeg Free Press
Charitable giving in 2024 was up, according to new Giving USA report
Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent ' Giving USA ″ report, which takes a comprehensive look at U.S. philanthropy. Only one major cause — religion — saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layoffs, increased demand for services, and market uncertainty that has led some donors to pull back. 'There's a lot of uncertainty, a lot of volatility, especially in financial markets,' said Una Osili, an associate dean at the Indiana University Lilly Family School of Philanthropy. 'When you're not sure exactly what's happening and the news is changing, that sometimes leads to donors just being uncertain and not acting. Uncertainty can dampen giving.' Yet last year marked a return to typical giving patterns, said Jon Bergdoll, managing director for Giving USA. The pandemic and high inflation of recent years were atypical, he said, which meant giving patterns didn't always align with traditional models. In 2024, things lined up as expected. 'The fundamentals of giving are still working like they historically have in the U.S.,' Bergdoll said. 'We've been through a lot of changes, and there's potentially more on the horizon, but it is important to take comfort in that we are still seeing the same things move and shift giving that 20 years ago moved and shifted giving.' Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, after adjusting for inflation. Individual giving was up 5%. Foundation giving was down by half a percent. Bequests (money given through wills) were down 4.4% — but Bergdoll noted bequests are historically volatile because the data can be shifted 'by a single billionaire passing away.' The share of giving by each source remained stable over the past two years. In 2024, individuals accounted for the largest share of giving, 66%, followed by foundations at 19%, bequests at 8%, and corporations at 7%. While inflation-adjusted giving by foundations was down, most organizations would not have felt the drop because in current dollars, foundations gave 2.4% more. Giving by sector Giving to various causes increased almost across the board. The biggest jumps were in giving to public society benefit, 16.1%; international affairs, 14.3%; and education, 9.9%. The public society benefit category includes organizations like the United Way, as well as commercial donor-advised funds, which have increased in popularity as contribution vehicles. Compassion International had its best fundraising year ever in 2024, says Mark Hanlon, chief development officer. He noted that the group received some outlier gifts, but even taking those out, the organization had strong growth, which he attributed to the organization's ongoing engagement with donors. At Brown University, giving was up, due in part to the end of a capital campaign that started in 2014. That helped the university keep annual donors engaged in giving, Sergio Gonzalez, senior vice president for advancement, said. 'It was not only the larger gifts that really were transformative but the cumulative giving from all,' he said. 'Those dollars are critically important.' The causes that showed the least growth included religion, which was down 1% after adjusting for inflation, gifts to foundations, which rose half a percent, and gifts to health and human services, which rose 2% for both categories. Effects of government cuts Nonprofits are worried — both about how much money will be coming in and the level of demand for their services. Changes in federal funding are a big deal for human services organizations. The Mid-Ohio Food Collective, a food bank that serves more than 20 counties from rural Appalachia to urban centers like Columbus, is worried about potential funding cuts to the Supplemental Nutrition Assistance Program and what they will mean for the people the food bank serves. 'There's been millions and millions of dollars in cuts to the food that was going to be coming to food banks,' said Matt Habash, the group's CEO. 'For every meal we give out in the food-bank world, SNAP is nine meals. So you cut SNAP and there's no food there from the private sector to make that up.' The uncertainty surrounding government support makes it hard to know what to ask for from foundations and major donors, said Roger Schulman, CEO of the Fund for Educational Excellence, a nonprofit that aims to close equity gaps for students in Baltimore City schools. 'The gaps that are being left by the clawback of federal dollars as well as the unpredictability of what federal dollars will or will not come in the coming year has made it really hard to understand where philanthropy can make a difference right now in a meaningful way,' Schulman said. 'The gap is so big that even our largest foundations can only do so much to help sustain what is.' The general feeling is it's going to be a rough year, says Jim Klocke, CEO of the Massachusetts Nonprofit Network. Each year, the network surveys its roughly 700 members. One perennial question on the survey: What do you think your financial condition will be like a year from now? 'Usually, you get more organizations that say my financial picture will be better in a year. Some say worse, but more say better,' Klocke said. 'This time, almost everybody said they expect their financial condition to be worse a year from now. It's a pretty much across-the-board concern.' Monday Mornings The latest local business news and a lookahead to the coming week. Some organizations are worried about their donors' shifting priorities. Bergdoll, with Giving USA, said in times of crises, human-services organizations, which feed and house people, often see a bump in donations. The Mid-Ohio Food Collective, for example, is trying to shift its messaging to persuade local donors to step up. 'The cavalry is not coming from the federal government,' Habash said. 'Even our state government has cut back on the amount of money they're giving us. The messaging for us is really about local. We've got to convince people locally to do something.' ______ Rasheeda Childress is a senior editor at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP's philanthropy coverage, visit
