Secondary Banner

Blog

June 12, 2018

2017 Charitable Giving Exceeded $400 Billion

2017 Charitable Giving Exceeded $400 Billion


Charitable giving reached $410.02 billion in 2017, according to the new Giving USA 2018 report, released today. The long-standing annual report states giving in 2017 increased by just under $20 billion, up from $390.05 billion in 2016.


The increase was driven by growth from all sources of contributions, according to the report. Foundations, bequests and corporations all saw strong increases, but the biggest source once again was giving by individuals. Individual giving increased 5.2% to $286.65 billion in 2017 and accounted for 70% of the total.


Where are the charitable dollars going?


31% Religion $127.37 Billion
14% Education $58.90 billion
12% Human Services $50.06 billion
11% Foundations $45.89 billion
9% Health $38.27 billion
7% Public-Society Benefit $29.59 billion
5% Arts, Culture, and Humanities $19.51 billion
6% International Affairs $22.97 billion
3% Environment/Animals $11.83 billion
2% To Individuals $7.87 billion


Eight of the nine major charitable subsectors saw positive growth in giving, the only exception being International Affairs. Giving to foundations saw the strongest percentage growth of 15.5%.


In a webinar prior to the release of the report, Giving USA staff explained how Donor Advised Funds (DAFs) were included in the report. They said any given DAF can be included either under the Foundations or Public-Society Benefit sectors. No criteria is currently in place for sorting DAFs into these sectors.


The 2017 numbers continue to show that individual giving is critical, and engaging individuals and their families in the causes most meaningful to them continues to be more important than ever.


Learn more about this record-breaking year in philanthropy by downloading the infographic and report.







Other posts you might be interested in:


Charitable Giving Reached Record High in 2016

Charitable Giving Reached Record High in 2016

Trends in Donor-Centered Philanthropy

Trends in Donor-Centered Philanthropy

Entrepreneurs in Philanthropy: Giving for Impact

Entrepreneurs in Philanthropy: Giving for Impact



(0) Comments

Be the first to comment.
ADD YOUR COMMENT
1000 character limit. All comments are subject to editing or deletion.
Get Audio Code



Search the Blog

Sign Up for the Monthly Philanthropic Newsletter

Share