Charitable giving dropped 2.1% in 2023 after inflation, according to the most recent Giving USA report, the key findings of which were released Tuesday.
These must-have Insider Deal household items are at unbeatable prices!FILE - In this image provided by the U.S. Army, paratroopers assigned to the 82nd Airborne Division, assist with unloading humanitarian goods in support of the United States Agency for International Development in preparation of potential evacuees from Ukraine at the G2A Arena in Jasionka, Poland, on Feb. 25, 2022. Charitable giving dropped 2.
The economy was a big factor in giving last year, says Una Osili, associate dean for Research and International Programs at the Indiana University Lilly Family School of Philanthropy, which helps produce Giving USA. Similarly, all causes but one — giving to individuals — saw giving gains in current dollars. But giving to religion dropped 1%, to international affairs 1.6%, and to individuals 20.5% when adjusted for inflation.
The report notes that contributions to causes that saw the biggest jumps — public-society benefit organizations and foundations — dropped 15% and 21%, respectively, from 2021 to 2022. “We are down in megagiving from where we were,” says Jon Bergdoll, associate director of data partnerships at the Lilly Family School of Philanthropy, who notes that the giving is still very high. “Last year’s amount would have been a record for any year prior to 2020.”
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