4/22/2023 0 Comments Techsoup for nonprofits barbadosHere's a closer look at some of the details around this decline. The bad news? It marked a 1.7 percent downturn from the previous year. According to Giving USA 2019: The Annual Report on Philanthropy for the Year 2018, individuals, bequests, foundations, and corporations gave $427 billion to U.S. However, as predicted, the 2018 Tax Cuts and Jobs Act seemed to set the clock back a bit, as fewer people are taking itemized deductions on their tax returns (more on that below).īut let's start with the good news. In fact, 2017 was the highest year of giving ever. grew 33 percent, according to the Giving USA Foundation. The last decade has brought generally good news for nonprofits raising money, but we're starting to see a decline in certain areas.įrom 2009 to 2018, charitable giving in the U.S.
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