By RASHEEDA CHILDRESS of The Chronicle of Philanthropy Chronicle of Philanthropy
Charities received $592.5 billion in donations in 2024, a 3.3% increase over 2023, after adjusting for inflation, according to the most recent "Giving USA" report, which takes a comprehensive look at U.S. philanthropy. Only one major cause — religion — saw an inflation-adjusted decline in giving. The increase, reported Tuesday, may be small comfort to nonprofits that in 2025 experienced a significant drop in federal funding, more than 20,000 layoffs, increased demand for services, and market uncertainty that has led some donors to pull back. Strong performance by companies, particularly in the tech sector, pushed corporate giving up 6%, after adjusting for inflation. Individual giving was up 5%.
Vice President Kamala Harris has raised well more than double what former President Donald Trump took in from donors in August. Her campaign announced Friday that it raised $361 million from nearly 3 million donors in her first full month as a candidate. Trump's team announced Wednesday he brought in $130 million over the same period. Harris' team says it ended the month with $404 million on hand for the final sprint to Election Day, $109 million more than Trump's campaign says it had at the end of August.
