June 18, 2015
Giving USA 2015: Estimated $358.38 Billion to Charity in 2014
Fifth Straight Year of Growth
Highest Total in Report’s 60-year History
Americans donated an estimated $358.38 billion to charity in 2014, surpassing the pre-recession benchmark year of 2007. In addition, 2014 was the fifth year in a row of increased giving.
Individual giving, at $258.51 billion, increased 5.7 percent over 2013.The jump in individual giving was the greatest increase in any source category for gifts in 2014.
Foundation giving, at $53.97 billion, increased 8.2 percent over 2013. Foundation giving reached its prior high and giving by all three types of foundations (independent, operating and community) increased in 2014.
Bequest giving, at $28.13 billion, increased 15.5 percent over 2013. These figures include two mega-bequests: approximately $1 billion from Ralph C. Wilson, Jr. and more than $400 million from Rachel Lambert Mellon.
Corporate giving, at $17.77 billion, increased 13.7 percent over 2013 giving.
#GivingUSA2015 Infographic below:
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Giving Institute Board member and principal of Dini Spheris, M. Anne Murphy responded, “The encouragement in all of these numbers is that philanthropy has steadily recovered from the Great Recession. Today, institutions should not fear to dream boldly, launch or continue campaigns and ask with conviction. These numbers tell us that the dollars for the best missions and the well-managed institutions are there for those who ask.”
These findings are contained in Giving USA 2015: The Annual Report on Philanthropy for the Year 2014. Giving USA is the longest-running and most comprehensive evaluation of philanthropic trends in the United States. Giving USA is published by the Giving USA Foundation and is researched and written by the Indiana University Lilly Family School of Philanthropy. To purchase a copy of the report, visit the Giving USA store at http://givingusa.org/product-category/2015-products/.
Dini Spheris is proud member of the Giving Institute and donor to Giving USA Foundation. This special year marks the 80th Anniversary of the Giving Institute and the 60th Anniversary of the Giving USA Foundation.
For more information about Giving USA FoundationTM visit www.givingusa.org.
For more information about the Indiana University Lilly Family School of Philanthropy visit www.philanthropy.iupui.edu.