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The decline in charitable giving may have more to do with inflation than an unwillingness to give, the Giving USA report suggested. How did inflation affect charitable giving? Read more.
It was only the fourth time in four decades that donations did not increase year over year, according to the Giving USA report released Tuesday.
Charitable giving in the United States declined in 2022 — only the fourth time in four decades that donations did not increase year over year.
The decline comes at a time when many not-for-profits, especially ones providing services to those in need, report an increase in requests for help.
Charitable giving in the United States declined in 2022 — only the fourth time in four decades that donations did not increase year over year.