What Giving USA 2024 Tells Us About The $557 Billion State Of Philanthropy

The culture of philanthropy remains strong, according to new data released by Giving USA. Charitable giving reached over $557 billion across America in 2023, up 1.9% from 2022. Religion, human services, and education totaled over $322 billion, more than half of all gifts received. Giving by individuals totaled $374 billion, accounting for 67% of all contributions. Giving by bequests grew 4.8%, totaling about $43 billion, reflecting demographic shifts in donors. Four subsectors saw year-over-year double-digit growth, including education by 11.1% and arts, culture, and humanities by 11%. Additionally, the IRS reported 1.48 million 501(c)(3) charitable organizations in 2022, a 3.4% increase over 2021. This report should give nonprofits confidence in the future of philanthropy.
Join CCS Fundraising, in partnership with the Indiana University Lilly Family School of Philanthropy, for Perspectives on Philanthropy, a webinar to mark the release of Giving USA 2024: The Annual Report on Philanthropy. Our keynote speaker, Dr. Una Osili, leading researcher and producer of the Giving USA report, presents the latest trends from the 2024 charitable giving report. Our esteemed panelists then examine the significance and implications of 2023’s trends for nonprofit organizations. Panelists include Aashika Patel, Managing Director, CCS Fundraising; Dr. Anna Maria Pruitt, Managing Editor, Giving USA; Donna McKay, President and CEO, Breast Cancer Research Foundation; Fred Scarborough, EVP, Chief Communications and Development Officer, Arkansas Children’s Health System; and Julie Lucas, Vice President, Resource Development, Massachusetts Institute of Technology.
Giving USA: The Annual Report on Philanthropy details the sources and uses of charitable giving in the United States. Giving USA is a collaboration between the Giving USA Foundation, a public service initiative of The Giving Institute, and the Indiana University Lilly Family School of Philanthropy. Since 2000, Indiana University estimates giving to all charitable organizations across America. The university researches total giving by about 53 million US households, approximately 16 million corporations claiming charitable deductions, over a million estates, and about 82,000 foundations. First published in 1956, Giving USA is the longest running, most comprehensive philanthropic report in the United States.
Chapters:
00:00 | Intro
03:10 | Keynote address with Dr. Una Osili
31:50 | Moderated panel with Aashika Patel
CCS is a strategic fundraising consulting firm that partners with nonprofits for transformational change.
CCS Insights: Elevate your nonprofit’s fundraising strategies with artificial intelligence. Read more in our "AI in Fundraising" paper: bit.ly/3Vlpmeu
Subscribe to CCS Fundraising: bit.ly/3wTq89m
Learn more about CCS: bit.ly/3Kohgvr
Contact CCS: bit.ly/3V6Evir
Follow CCS Fundraising
LinkedIn: bit.ly/3R716KW
Facebook: bit.ly/4aKf1NV
X: bit.ly/4bZ8EHv
#fundraising #giving #nonprofit #philanthropy #GivingUSA2024 #GivingUSA #webinar