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Americans are giving less these days, but not by much.
According to the Giving USA Foundation's annual report, Americans gave an estimated $499.33 billion to charity in 2022, a decline of 3.4% in current dollars from a revised total of $516.65 billion in 2021, the Detroit Free Press reports.
After adjusting for inflation, the total dropped to $516.65 billion in 2022.
"But despite uncertain economic times, Americans demonstrated how essential they view the nonprofit sector and its ability to solve big problemsby still giving nearly half a trillion dollars in 2022," the dean of the Lilly Family School of Philanthropy at Indiana University-Purdue University Indianapolis tells the Free Press.
Giving to foundations rose by 10.1%, to $56.84 billion, in 2022, while giving to international affairs fell by 2.7%, according to the Giving USA report.
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Spotlight
Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”