With the holiday and end of year charitable giving season upon us, here’s a rundown of information you will need.
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Despite supply shortages, Americans are set to pick up their spending this holiday season.
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As we enter the high season for charitable giving, there are some notable changes, as well as warnings, about philanthropy amid COVID-19.
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It’s that time of year, when we start to give thanks in our words, deeds and actions. While total charitable giving increased last year, when adjusted for inflation, it slipped by 1.7 percent to an estimated $427 billion.
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A rising stock market, a strengthening economy and a change in the tax code propelled charitable giving by American individuals, bequests, foundations and corporations to just over $410 billion in 2017, according to Giving USA 2018: The Annual Report on Philanthropy for the Year 2017. It was the first time that giving exceeded $400 billion in a single year.
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