Overview

• Giving by individuals fell by 2.4%, with their share of overall donations dropping slightly to 67.2%.
• Foundations, bequests, and corporations accounted for 34% of total giving, with foundations contributing the most.
• Inflation and economic uncertainties were major factors influencing donor behavior in 2023.
• High net worth donors bolstered sectors like education, arts, and public-society benefit, which saw significant gains.
• Nonprofits are cautiously optimistic about 2024, focusing on stronger donor engagement and relationship-building.