Charitable giving in 2022 drops for only the fourth time in 40 years: Giving USA report
Charitable giving in the United States declined in 2022 -- only the fourth time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday NEW YORK -- Charitable giving in the United States declined in 2022 -- only the fourth time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday. Total giving fell 3.4% in 2022 to $499.3 billion in current dollars, a drop of 10.5% when adjusted for i NFL ation. The decline comes at a time when many nonprofits, especially ones providing services to those in need, report an increase in requests for help. However, Josh Birkholz, chairman of the Giving USA Foundation, which publishes the report and provides data and insights about donation trends, said the results are actually much better than they could have been considering the tough economic climate of late 2022. “I go back and forth on whether it’s encouraging or discouraging...