Giving USA 2018: Americans gave $410.02 billion to charity in 2017, crossing the $400 billion mark for the first time
Stock market, economic conditions helped drive solid growth in contributions across the board
CHICAGO [June 12, 2018]— Powered by a booming stock market and a strong economy, charitable giving by American individuals, bequests, foundations and corporations to U.S. charities surged to an estimated $410.02 billion in 2017, according to Giving USA 2018: The Annual Report on Philanthropy for the Year 2017, released today.
Giving exceeded $400 billion in a single year for the first time, increasing 5.2 percent (3.0 percent adjusted for inflation) over the revised total of $389.64 contributed in 2016. (Please see below for a more detailed breakdown of the numbers for each philanthropic source and sector.)
Giving USA, the longest-running and most comprehensive report of its kind in America, is published by Giving USA Foundation, a public service initiative of The Giving Institute. It is researched and written by the Indiana University Lilly Family School of Philanthropy at IUPUI.
“Americans’ record-breaking charitable giving in 2017 demonstrates that even in divisive times our commitment to philanthropy is solid. As people have more resources available, they are choosing to use them to make a difference, pushing giving over $400 billion,” said Aggie Sweeney, CFRE, chair of Giving USA Foundation. “Contributions went up nearly across the board, signaling that Americans seem to be giving according to their beliefs and interests, which are diverse and wide-ranging.”
Giving from all four sources and giving to all but one of the major types of recipient organizations grew in 2017, driven by economic conditions. While policy developments may have played some role in charitable giving in 2017, most of the effects of the tax policy changes adopted in late December 2017 likely will affect giving in 2018 and beyond.
“The increase in giving in 2017 was generated in part by increases in the stock market, as evidenced by the nearly 20 percent growth in the S&P 500. Investment returns funded multiple very large gifts, most of which were given by individuals to their foundations, including two gifts of $1 billion or more,” said Amir Pasic, Ph.D., the Eugene R. Tempel dean of the Lilly Family School of Philanthropy. “This tells us that some of our most fortunate citizens are using their wealth to make some significant contributions to the common good.”
In addition to the S&P 500, other economic factors, such as personal income and personal consumption, are associated with households’ long-term financial stability and have historically been correlated with giving by individuals. These factors also experienced strong growth in 2017.
Highlights about Charitable Giving by Source
- Giving by three of the four sources of giving grew 5 percent or more.
- Giving by individuals represented 70 percent of total giving.
- Giving by foundations has seen strong growth for the past seven years, according to data provided by the Foundation Center. Its five-year annualized average growth rate of 7.6 percent far exceeds the 4.3 percent annualized average growth rate for total giving.
- Corporate giving was boosted by $405 million in contributions for relief related to natural and manmade disasters.
“Donors and funders are becoming ever more sophisticated in their approaches to making gifts as they draw on the increasing availability of new data, new technology and new ideas,” said Rachel Hutchisson, chair of The Giving Institute. “We are seeing innovations across the philanthropic sector that are contributing to strong growth in giving, which benefits everyone.”
The Numbers for 2017 Charitable Giving by Source:
- Giving by individuals totaled an estimated $286.65 billion, rising 5.2 percent in 2017 (an increase of 3.0 percent, adjusted for inflation).
- Giving by foundations increased 6.0 percent, to an estimated $66.90 billion in 2017 (an increase of 3.8 percent, adjusted for inflation). Data on foundation giving are provided by the Foundation Center.
- Giving by bequest totaled an estimated $35.70 billion in 2017, increasing 2.3 percent from 2016 (a 0.2 percent increase, adjusted for inflation).
- Giving by corporations is estimated to have increased by 8.0 percent in 2017, totaling $20.77 billion (an increase of 5.7 percent, adjusted for inflation).
“Giving to nearly all categories of charities experienced significant growth, and giving to foundations achieved a double-digit growth rate,” said Una Osili, Ph.D., associate dean for research and international programs at the Indiana University Lilly Family School of Philanthropy. “Economic growth contributed to these widespread increases in 2017, and there is heightened interest in the overall economic environment and other factors that can help nonprofits sustain this growth over time.”
Highlights about 2017 Gifts to Charitable Organizations
Charitable subsectors receiving contributions generally experienced strong growth.
- Giving to foundations saw the largest growth in charitable contributions, increasing 15.5 percent, based on data provided by the Foundation Center. This growth was driven by extraordinarily large gifts by major philanthropists, such as Michael and Susan Dell and Mark Zuckerberg and Priscilla Chan, to their foundations.
- Giving to eight of the nine major types of recipient organizations increased in 2017.
- The exception was giving to international affairs organizations, which declined after several years of steady growth. However, giving to this subsector still reached its third-highest level ever recorded.
- Seven of the nine types of recipient organizations experienced growth of 5 percent or more.
“The broad growth in giving to virtually all charitable subsectors suggests that charities are connecting effectively with their donors and demonstrating their impact and case for support,” said Patrick M. Rooney, Ph.D., executive associate dean for academic affairs at the Lilly Family School of Philanthropy. “While it is too soon to know with certainty how recent policy changes may influence when and how much donors give, what is certain is that cultivating and nurturing strong, ongoing relationships with donors will only become more important as the changes to federal tax policy made at the end of 2017 take effect.”
The Numbers for 2017 Charitable Giving to Recipients:
- Giving to religion increased 2.9 percent (0.7 percent adjusted for inflation), receiving an estimated $127.37 billion in contributions.
- Giving to education is estimated to have increased 6.2 percent (4.0 percent adjusted for inflation) to $58.90 billion.
- Giving to human services increased by an estimated 5.1 percent (2.9 percent adjusted for inflation) totaling $50.06 billion.
- Giving to foundations is estimated to have increased by 15.5 percent (13.1 percent adjusted for inflation) to $45.89 billion, based on data provided by the Foundation Center.
- Giving to health organizations is estimated to have increased by 7.3 percent (5.1 percent adjusted for inflation) to $38.27 billion.
- Giving to public-society benefit organizations increased an estimated 7.8 percent (5.5 percent adjusted for inflation) to $29.59 billion.
- Giving to arts, culture, and humanities is estimated to have increased 8.7 percent (6.5 percent) to $19.51 billion.
- Giving to international affairs is estimated to have declined 4.4 percent (6.4 percent adjusted for inflation) to $22.97 billion.
- Giving to environment and animal organizations is estimated to have increased 7.2 percent (5.0 percent adjusted for inflation) to $11.83 billion.
In addition, giving to individuals, which is less than 2 percent of total giving, is estimated to have declined 20.7 percent (22.4 percent in inflation-adjusted dollars) in 2017, to $7.87 billion, primarily as a result of an unusually high increase in 2016. The bulk of these donations are in-kind gifts of medications to patients in need, made through the patient assistance programs of pharmaceutical companies’ operating foundations.
Unallocated giving was negative $2.24 billion in 2017. This amount can be considered the difference between giving by source and use in a particular year. It includes the difference between itemized deductions by individuals (and households) carried over from previous years. The tax year in which a gift is claimed by the donor (carried over) and the year when the recipient organization reports it as revenue (the year in which it is received) may be different.
Alicia Lawrence tapped to lead The First Tee® of Greater Cincinnati & Northern Kentucky
CINCINNATI – March 12, 2018 – Alicia Lawrence has been named Executive Director of The First Tee® of Greater Cincinnati & Northern Kentucky effective April 16, 2018. Currently the Director of the All For One Fund at Xavier University, Lawrence succeeds retiring Executive Director Gale Wallmark.
“We are thrilled that we were able to attract such a talented professional to our chapter, and are elated about the direction our chapter will take under Alicia’s leadership,” said Pat Lynch, president of the board.
The First Tee® teaches girls and boys, ages 7 to 18, life skills and character education through the game of golf. The chapter encompasses Hamilton and Clermont counties in Ohio and Boone, Campbell and Kenton in Northern Kentucky.
“Golf has been a part of my entire life, and everything I learned growing up around the sport shaped the person I am today. The opportunity to grow a platform that fosters core values in future generations through golf and equips them for success in life is exciting,” said Lawrence.
She added, “I look forward to working with the board and our staff to continue growing our footprint in the counties we serve. Together, we will continue empowering youth to make good choices through our core values and healthy habits curriculum. We are a strong chapter with a compelling mission of shaping youth using golf as the vehicle.”
Lawrence, an alumna of Northern Kentucky University, earned a MBA and Master of Sports Administration degrees from Ohio University. She began her career as Coordinator of Athletic Development before being named NKU’s Assistant Director of Athletic Development. She was recruited to Xavier in 2015 to oversee its All for One Fund supporting student-athletes.
A golfer and student-athlete herself, Lawrence’s professional career has focused on fundraising to provide resources to collegiate student-athletes and prepare them for success in life beyond their competitive days. Her time at NKU Athletics provided her with the opportunity to notch a wide variety of experiences from ticketing to event planning and annual fund management. At Xavier, she further developed her fundraising toolkit and worked with donors and ticketholders during the Cintas Center Renovation project while growing their athletics annual fund.
The First Tee Search Committee was assisted by The Yunker Group, a trusted adviser to the region’s nonprofit community.
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CONTACT: Patrick Lynch, Board President, email@example.com – 440.666.1984