US Charitable Giving Rises 3.3% to Nearly $600B in 2024

Charitable giving in the United States rose by 3.3% in 2024 to $593 billion, reaching the second-highest inflation-adjusted level on record due to a strong economy and stock market performance. Individual donations, which accounted for two-thirds of total giving, increased by 5.1%, while corporate giving grew 6% to a record $44 billion, representing 1.1% of pretax profits. Donor-advised funds saw significant growth, benefiting from market gains and affluent donors, and foundations held a substantial share of giving at 19%, with their increased assets positioning them to support nonprofits in 2025 despite a slight decrease in distributions. Although most charitable categories experienced growth, giving to religious causes declined. Despite the overall increase, nonprofits faced challenges in 2025 such as decreased federal funding, layoffs, and increased demand, highlighting ongoing volatility and uncertainty in philanthropic support. Experts note that 2024 marked a return to traditional giving patterns after the atypical fluctuations during the pandemic and inflation years.