Charitable Donations Up for First Time in Years
After several years of relatively weak charitable giving, Americans’ donations to educational institutions, religious groups, social service agencies and other nonprofits rose 5% last year, to $248.5 billion.
The Giving USA Foundation reports that -- adjusted for inflation -- charitable giving in the United States rose for the first time since 2000, the peak of giving after a booming stock market sent donations soaring for several years.
Religious institutions continued to receive the largest share of contributions last year -- more than $88 billion.
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