Charitable giving in the United States declined in 2022 — only the third time in four decades that donations did not increase year over year — according to the Giving USA report released Tuesday.
Nicholas Loud, left, Sophie Thurschwell, center, and Peter Woll prepare lunch boxes at Community Help in Park Slope, a soup kitchen and food pantry better known as CHiPS, on Friday, June 16, 2023 in New York. Charitable giving in the United States declined in 2022. The downturn in giving has led to issues at CHiPS, as it has in many charities across the country.
NEW YORK — Charitable giving in the United States declined in 2022 -- only the fourth time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday. Total giving fell 3.4% in 2022 to $499.3 billion in current dollars, a drop of 10.5% when adjusted for inflation. The decline comes at a time when many nonprofits, especially ones providing services to those in need, report an increase in requests for help.
However, Josh Birkholz, chairman of the Giving USA Foundation, which publishes the report and provides data and insights about donation trends, said the results are actually much better than they could have been considering the tough economic climate of late 2022. “I go back and forth on whether it’s encouraging or discouraging,” Birkholz told The Associated Press in an interview. “There was a 20 to 25% decline in the stock market and an 8% inflation rate, but Americans still gave nearly a half trillion dollars.”
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Charitable giving in 2022 drops for only the third time in 40 years: Giving USA reportCharitable giving in the United States declined in 2022 -- only the third time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday.
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Charitable giving in 2022 drops for only the third time in 40 years: Giving USA reportCharitable giving in 2022 drops for only the third time in 40 years: Giving USA report.
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Charitable giving in 2022 drops for only the third time in 40 years: Giving USA reportCharitable giving in the United States declined in 2022 -- only the third time in four decades that donations did not increase year over year -- according to the Giving USA report released Tuesday.
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Americans gave less money to charity last year, as inflation and a down stock market squeezed wallets"Charitable giving has only decreased in current dollars three other times in the past 40 years: in 1987, 2008 and 2009," according to Giving USA.
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