Charitable Giving in U.S. Reached Record-High $373.25 billion in 2015!
Don't let anyone tell you that the current economic climate is not good for philanthropy! The proof is in the numbers, and the results of Giving USA's annual report of charitable giving show that giving in the U.S. grew to $373.25 billion in 2015, posting an all-time high for the second year, growing 4.1% in current dollars from 2014 (4% when adjusted for inflation).
Continuing the trend we at CapDev have been sharing for many years, individuals once again made up the largest share of overall giving, including 71% from living individuals and a total of 87% from living individuals, bequests and family foundations. People give the most, and people are generous!
Also continuing a well-known trend, religion again received the biggest share of charitable giving - 32% - though that figure has continued to decline over the years.
The report is published by Giving USA Foundation, an initiative of The Giving Institute, and is researched and written by the Lilly Family School of Philanthropy at Indiana University.
"We look forward to developing our reactions to this latest batch of giving data, and sharing it with nonprofits around the Southeast as we help organizations consider how they can best relate to supporters given an awareness of this most generous year," said Clare Jordan, CapDev Director of Marketing & Philanthropic Engagement.
CapDev will have more complete data to share soon - let us know if you'd like to have us present the latest giving trends analysis for your upcoming meeting. Meanwhile, this article published in today's Philanthropy North Carolina blog by Todd Cohen offers additional results from the Giving USA 2016 report