While overall giving has grown, the ranks of American donors have declined.
- Professor of Economics and Philanthropic Studies; Associate Dean for Research and International Programs, Lilly Family School of Philanthropy, Indiana University
Larger shares of Asian, Black and Hispanic people are donating to these nonprofits, compared with white donors. They are also more likely to give to others through less formal channels.
From thousands of people chipping in as little as $5 to George Floyd’s GoFundMe to donations well in excess of $1 million to HBCUs, anti-racist philanthropy is rising.
Although far fewer Americans took the charitable deduction on their tax returns, giving stayed fairly steady, according to the annual Giving USA report.
Total gifts from individual donors are rising, at least for now.
Economic trends, not politics, typically influence how money money Americans donate to charity. Yet some advocacy groups say their donations surged after the 2016 presidential election.
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