# Charitable Giving in the United States Marked a Record $471-B in 2020

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/charitable-giving-in-the-united-states-marked-a-record-471-b-in-2020
Last modified: 2021-06-15

---

By Paul Ebeling · 2021-06-15
Tags: donate, Paul Ebeling, foundations, giving, Philanthropy, charitable, Knightsbridge Insights
Signed: no (published before platform launch).
Nothing in this article is investment advice.

“*As an optimist, I believe that Americans’ generosity will continue to grow”* -- Paul Ebeling

Charitable giving in the United States reached a record $471-B in Y 2020, according to a report released Tuesday that offers a comprehensive look at American philanthropy.

The Giving USA report says Americans gave more to charity last yr than in Y 2019, despite an economic downturn that disrupted the paychecks of millions. 

Faced with greater needs, estates and foundations also opened up their pocketbooks at increased levels resulting in a 5.1% spike in total giving from the $448-B recorded for Y2019, or a 3.8% spike when adjusted for inflation.

It is the 1st study to provide a comprehensive look into how donors big and small stepped up to meet the increased needs brought forth by the economic crisis, racial unrest and a global virus chaos.

Experts say the strong yr-end finish by the S&P 500, which closely tracks with giving from individuals and foundations, along with the uptick in personal income by the end of Y 2020 likely contributed to the spike.

Giving by individuals made up a majority of the donations last year rose by approximately 2%. The biggest uptick came from foundations, who, in total, increased their giving by 17% for an estimated $88.5-B in contributions. Those donations made up about 19% of the total share of contributions, the largest that has ever come from foundations.

By contrast, companies gave about 6% less in Y 2020 than they did in Y 2019, the report said. Experts note giving by corporations is closely tied to GDP and pre-tax profits, which declined last year.

Most nonprofit categories experienced a boost in contributions, with the strongest growth seen among public-society groups that include civil rights organizations and other charities.

Have a healthy day, Keep the Faith!

---

This Markdown mirrors https://www.livetradingnews.com/charitable-giving-in-the-united-states-marked-a-record-471-b-in-2020. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt