Americans Breezed Past Last Year’s Charity Record: Report
Americans proved once again that they believe giving is better than receiving.
Donors are projected to give more than $450 billion to charity by the end of the year, a 9 percent increase from the record set in 2013, according to a new Atlas of Giving report. The group — which forecasts charitable giving — attributed the notable spike to a number of factors, including a continuing bull stock market, low interest rates, improving employment and a lack of inflation.
The figures were based on giving data collected through the end of November, which was combined with projections for December.
Human services organizations, educational institutions and environmental causes saw the biggest gains. Each of those categories experienced double-digit growth in gift revenue. Religion remained the largest revenue category, but was expected to drop a point to 33 percent of total giving.