In this video, our keynote speaker, Dr. Una Osili, leading researcher and producer of the Giving USA report, presents the latest trends from the Giving USA 2024: The Annual Report on Philanthropy. Our esteemed panelists then examine the significance and implications of 2023’s trends for nonprofit organizations.
The culture of philanthropy remains strong, according to the new data released by Giving USA. Charitable giving reached over $557 billion across America in 2023, up 1.9% from 2022. Religion, human services, and education totaled over $322 billion, more than half of all gifts received. Giving by individuals totaled $374 billion, accounting for 67% of all contributions. Giving by bequests grew 4.8%, totaling about $43 billion, reflecting demographic shifts in donors. Four subsectors saw year-over-year double-digit growth, including education by 11.1% and arts, culture, and humanities by 11%. Additionally, the IRS reported 1.48 million 501(c)(3) charitable organizations in 2022, a 3.4% increase over 2021. This report should give nonprofits confidence in the future of philanthropy.
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