![]() This year’s giving is the second-highest dollar amount on record when adjusted for inflation. Giving by foundations, which has grown in 10 of the last 11 years, represented 19% of total giving in 2021, its largest share on record. ↑ Giving by foundations grew 3.4%, to an estimated $90.88 billion (-1.2%, adjusted for inflation). It also achieved its second highest total dollar amount to date, adjusted for inflation. Giving by individuals comprised less than 70% of total giving for the fourth time on record, and for the fourth consecutive year. ↑ Giving by individuals totaled an estimated $326.87 billion, rising 4.9% (staying flat at 0.2%, adjusted for inflation). Highlights and Numbers for 2021 Charitable Giving by Source: Despite uneven growth patterns, all four sources and seven of the nine recipient categories of giving experienced strong two-year growth, even when adjusting for inflation. Giving grew or stayed flat to eight of the nine major types of charitable organizations. “The growth that we see for the majority of the subsectors in 2021 is a reminder of the resilience and innovation that help to drive the philanthropic sector.”Ĭharitable giving grew from three of the four sources of giving in 2021. While the stock market performed well in 2021, there were some economic factors that may have affected nonprofits’ operations, such as labor shortages, supply chain interruptions and ongoing high demand for services,” said Una Osili, Ph.D., associate dean for research and international programs at the Lilly Family School of Philanthropy. had a strong year economically and also experienced inflationary pressures not seen in several decades. “The novel circumstances of the current giving landscape underscore the need for this report and other high-quality research, which help us understand how widespread these changes are and how they are affecting philanthropy.” Tempel Dean of the Lilly Family School of Philanthropy. The broader effects of the pandemic may have shifted individual jobs, incomes, lifestyles and family and financial priorities, potentially affecting their giving habits,” said Amir Pasic, Ph.D., the Eugene R. Yet these economic indicators may differ from what most people experience in daily life. Robust economic growth translated to strong performance by institutional forms of philanthropy such as foundations and corporations. “The environment for giving is evolving in multiple ways. These types of megagifts (defined in Giving USA 2022 as gifts of $450 million or more) represent about 5% of all individual giving in 2021. The S&P 500 grew 26.9% (21.2% adjusted for inflation) and the GDP grew 10.1% (5.1% adjusted for inflation), creating strong conditions for charitable giving.īolstered by strong market conditions, very large gifts by some of the wealthiest Americans reached a total of nearly $15 billion in 2021. The stock market and GDP recovered to pre-pandemic levels early in 2021 and continued to grow throughout the year. “In 2021, many donors returned to their favored causes, with many of the sectors that struggled in 2020 making a recovery in 2021.” However, the growth in giving did not keep pace with inflation, causing challenges for many nonprofits,” said Laura MacDonald, CFRE, chair of Giving USA Foundation and Principal and Founder of Benefactor Group. In 2021, Americans continued giving more generously than before the pandemic. “The story of charitable giving in 2021 is closely tied to the events of 2020, a historic year that included a global pandemic, economic crisis and recovery, efforts to advance racial justice, and an unprecedented philanthropic response. It is researched and written by the Indiana University Lilly Family School of Philanthropy at IUPUI. Giving USA, the longest-running and most comprehensive report on the sources and uses of charitable giving in America, is published by Giving USA Foundation, a public service initiative of The Giving Institute. (Please see below for a more detailed breakdown of the numbers for each philanthropic source and sector.) However, while giving increased in current dollars, it remained flat (-0.7%) after adjusting for inflation. ![]() Total charitable giving in 2021 grew 4.0% over the revised total of $466.23 billion contributed in 2020. Giving USA 2022: The Annual Report on Philanthropy for the Year 2021, released today, reports that individuals, bequests, foundations and corporations gave an estimated $484.85 billion to U.S. Thanks to strong year for the stock market and GDP, 2021 giving nearly kept pace with inflation following 2020’s record year and outpouring of support for unprecedented events Higher Education and Philanthropy Initiative.Mays Family Institute on Diverse Philanthropy.PhilD, Professional Doctorate in Philanthropic Leadership.
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