Overview

• U.S. charitable giving reached $593 billion in 2024, a 3.3% inflation-adjusted rise and the second-highest total on record.
• Individual donations climbed 5.1% to $392 billion, accounting for about two-thirds of overall philanthropic contributions.
• Corporate philanthropy grew 6% to a record $44 billion, reflecting strong pretax profits and a shift toward donating over 1% of earnings.
• Foundation grants held steady at roughly $110 billion for the third consecutive year while giving to public society benefit, international affairs and education rose by 16.1%, 14.3% and 9.9%, respectively.
• Nonprofit leaders warn that more than 20,000 layoffs, federal cutbacks to programs like SNAP and market uncertainty could tighten budgets and dampen donor support in 2025.