Last year, Americans spent $ 410.02 billion on charity goals, which is 5.2% more than in 2016. Giving USA believes that a strong stock market and a strong economy have contributed to the rise in charitable giving.
2017 saw an increase in charitable income from all sources. Growth in three out of the four traditional sources of charity exceeded 5%, in particular, contributions from corporations increased by 8%, foundations – by 6%, individuals – by 5%.
Donations from individuals account for more than half of the money spent by Americans on charity – $ 286.7 billion, followed by funds ($ 66.9 billion), posthumous charitable gifts of $ 35.7 to the world and contributions from corporations – $ 20.8 billion.
Among recipients of charitable contributions as holiday charitable giving, the largest increase was observed in money sent to funds, their amount in 2017 increased by 15.5% compared to 2016. This was based on several large donations from individual philanthropists such as Bill and Melinda Gates, Mark Zuckerberg and Priscilla Chan, and Michael and Susan Dell.
Contributions received by arts and cultural organizations to protect from masssave fake increased by 8.7%.
However, in terms of actual amounts, religious organizations received the most in 2017. Americans donated $ 127.37 billion to them, which is 2.9% more than in 2016.
While total charitable contributions have risen, the number of Americans participating in philanthropy is decreasing. From 2000 to 2014, the proportion of Americans who donated to charities increase from 66.2% to 55.5%.