2023 Giving USA report shows 2.1% decline in charitable donations, with individual giving down 2.4%.
Charitable donations declined by 2.1% in 2023, according to the latest Giving USA report, with giving by individuals dropping 2.4%. This decline continues to concern nonprofit organizations. Foundations accounted for 19% of overall giving, bequests 8%, and corporations 7%. Despite the drop, there are signs that charitable giving may be settling into a new normal after experiencing unusual events like the pandemic and inflation.
June 25, 2024
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