Charitable giving in the U.S. fell to US$499 billion in 2022, as donors dealt with their losses in the stock market and coped with 40-year high inflation rates.
For only the fourth time on record, Americans gave less than they did the previous year without accounting for inflation, according to the newest annual Giving USA report. The research, released by the Giving USA Foundation, in partnership with the Indiana University Lilly Family School of Philanthropy, found that total giving fell 10.5% in inflation-adjusted terms, the steepest decline since the Great Recession of 2007-2009. Giving in nominal dollars, without that adjustment, dropped by 3.4%.
