Tax changes taking effect in 2026 may boost the number of donors but lead to the US missing out on an estimated $5.7B a year in charitable giving

Many provisions in the huge tax-and-spending package that President Donald Trump signed into law on July 4, 2025, sometimes called the One Big Beautiful Bill Act, will influence how much money Americans give to charity. We conduct in-depth research on philanthropy. Together, we have analyzed the tax policy changes. After crunching the numbers, we predict […]

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Charitable giving grew to $593B in 2024, propelled by a strengthening US economy and a booming stock market

U.S. charitable giving increased 3.3% to US$593 billion in 2024, lifted by the strength of the economy. The annual report from the Giving USA Foundation, produced in partnership with the Indiana University Lilly Family School of Philanthropy, found that this was the second-highest level on record after adjusting for inflation. Giving grew at the fastest […]

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