Philanthropic Giving Reaches New High in 2016

Despite the turbulent year in American politics, philanthropic giving in the United States increased by 2.7 percent up to $390.05 billion in 2016, according to the annual Giving USA report released in June. These figures mark the third consecutive year of record-breaking donations.

Of the four categories tracked by the report, individual giving increased the most at 3.9 percent growth, while foundations and corporate giving both rose by 3.5 percent. Bequests were the only category to fall, having decreased by 9 percent. Within the foundation segment, community foundations increased most significantly by 9.9 percent, while operating foundations rose 4.5 percent and independent foundations were up 2.3 percent. Giving USA found increased donations across all of the measured issue areas, with the largest change to environmental and animal welfare (7.2 percent growth), followed by arts and the humanities (6.4 percent), international affairs (5.8 percent), and health (5.7 percent). Although giving to education saw more than 8 percent growth between 2014 and 2015, donations only increased by 3.6 percent in 2016.

Read more at Philanthropy News Digest and Giving USA.