Posted on Jun 24 2025
WASHINGTON, D.C. - The Charitable Giving Coalition (CGC) responded today to the newly released GivingUSA 2024 report, which shows that total charitable giving reached $592.5 billion in 2024—representing a 6.3 percent increase in current dollars (3.3 percent adjusted for inflation). The Coalition issued the following statement:
“The Charitable Giving Coalition is encouraged by the strong growth in charitable giving last year, a reflection of Americans’ deep generosity and their unwavering support for the missions that serve families and communities across the country,” said Brian Flahaven, Chairman of the Charitable Giving Coalition. “This increase—driven by solid economic conditions, consumer confidence, and strong market performance—brings total giving back in line with the 40-year historical average.”
The report notes that individual giving—which accounted for 66 percent of total giving—grew by 8.2 percent in current dollars and 5.1 percent after adjusting for inflation. Corporate giving rose by 9.1 percent (6 percent inflation-adjusted), the highest growth rate among all sources, fueled by record corporate profits and GDP gains. Foundation giving surpassed $100 billion for the third consecutive year. Seven of the nine recipient categories also experienced growth, including education, health, public-society benefits, and human services.
Despite this positive trend, CGC stressed that continued philanthropic momentum is not guaranteed, especially given economic uncertainty in 2025. As nonprofits continue responding to growing needs across all sectors, CGC urges lawmakers to preserve and strengthen tax policies that empower Americans to give, ensuring that charitable organizations can continue their essential work nationwide.
“To sustain this encouraging trajectory and ensure every American can participate in charitable giving, Congress must act,” said Flahaven. “We commend both the House and Senate for recognizing the need to expand the charitable deduction to non-itemizers. The Senate’s proposal to make this deduction permanent is a critical step toward building a more inclusive and resilient giving culture.”
“To fully unlock the potential of this new permanent deduction, the Charitable Giving Coalition also urges Congress to remove the proposed 35 percent cap on itemized charitable deductions. A cap discourages donors from making larger donations to support their charities and communities.”
CGC will continue working with Congress to support and further expand tax incentives for charitable giving, oppose limits on individual and corporate giving, and promote policies that encourage all Americans to give generously.
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