Today, June 21, 2022, the Giving USA Foundatiion issued its annual report on US philanthriopy for calendar 2021.
Key findings :
- Giving remained strong in 2021, reaching a total of $484.85 billion.
- Between 2020 and 2021, corporate giving increased 18.3% in inflation-adjusted dollars, individual giving was fairly flat, foundation giving declined -1.2% in inflation-adjusted dollars, and bequest giving declined by -11.4% in inflation-adjusted dollars. However, all four sources experienced positive two-year growth.
- Giving to health and arts rebounded after a difficult 2020. Giving to arts, culture, and humanities grew 27.5%, and giving to health grew 7.7% in 2021, bolstered by a strong stock market and a return to in-person activities.
- Giving to international affairs, human services, and education experienced low growth or declines in 2021 after reaching record-highs in 2020.
- Giving to the environment, animals, public-society benefit organizations, and foundations all grew by 10% or more in 2021.
- The environment is a smaller category of giving, but shows impressive growth, and boasts a broad range of donors with different income and age levels.
- Online giving represented 12% of total giving in 2021.