Jul 18, 2023, 4:12 PM
(from NPQ) Total U.S. philanthropic giving decreased significantly in 2022, one of only four times the metric has dipped in the last 40 years. The latest annual report by Giving USA shows that total giving for 2022 declined by 3.4 percent in current dollars (or 10.5 percent after adjusting for inflation). After strong giving in 2020 and 2021 during the pandemic, donors' appetites to give were diminished, and perhaps more importantly, inflation and stock declines have put a dent in pocketbooks. While individual giving was down, corporate giving actually increased slightly in 2022.
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