The numbers are in... 2015 was another record-setting year for charitable giving. According to the recently released "Giving USA 2016: The Annual Repo
The numbers are in… 2015 was another record-setting year for charitable giving. According to the recently released “Giving USA 2016: The Annual Report of Philanthropy for the Year 2015*” charitable giving topped $373.25 billion in 2015, making it the highest single year of giving to date. The annual report is a publication of Giving USA Foundation in partnership with Indiana University Lilly Family School of Philanthropy.According to the much-anticipated annual report, total giving grew 4 percent in 2015 (when adjusted for inflation) representing an increase of $14.21 billion over 2014. It’s the sixth consecutive year of charitable giving growth. That’s great news for nonprofits.“If you look at total giving by two-year time spans, the combined growth for 2014 and 2015 hit double digits, reaching 10.1 percent when calculated using inflation-adjusted dollars,” said Giving USA Foundation Chair W. Keith Curtis, president of nonprofit consulting firm The Curtis Group, Virginia Beach, Virginia. “But these findings embody more than numbers—they also are a symbol of the American spirit. It’s heartening that people really do want to make a difference, and they’re supporting the causes that matter to them. Americans are embracing philanthropy at a higher level than ever before.”
Charitable Giving: By The Numbers
Here’s a look at some of the other findings from the report:
- Charitable contributions from all four sources – individual giving, foundation giving, charitable bequests and corporate giving – increased in 2015, with those from individuals once again leading the way in terms of total dollar amount, at $264.58 billion.
- Not only did individuals give the most; by upping their 2015 gifts 3.8 percent when measured in current dollars (and 3.7 percent when inflation-adjusted), they were responsible for two-thirds of the year’s overall increase in total giving.
- Of the nine charitable sub-sectors—religion, education, human services, foundations, health, public-society benefit, arts/culture/humanities, international affairs and environment/animals—all but one (foundations) had growth in charitable donations over 2014.
- Giving to religion still ranks first in terms of total donations received (32%), more than double the next highest sector (education). At $119.30 billion, 2015 religious giving increased 2.7 percent in current dollars.
- Giving to International Affairs saw the highest percent increase over 2014 (17.5 percent in current dollars). As the report points this significant increase may be due to the growth in the number of active international charitable organizations; use of more strategic fundraising methods; and increased focus on international issues among foundations.
The report details a variety of other interesting findings that are worth the read. You can download the full report or a free highlights report here. *Giving USA 2016: The Annual Report on Philanthropy for the Year 2015, a publication of Giving USA Foundation, 2016, researched and written by the Indiana University Lilly Family School of Philanthropy. Available online at the Giving USA store.