Latest data show uptick in charitable giving, but inflation taking its toll

The latest research from the Giving USA Foundation reveals that charitable giving in the United States grew by 1.9% in 2023, reaching a total of $557.16 billion in current dollars. That's a record high by that measure, although after inflation is taken into account, the picture is not as rosy. Per the foundation's research, inflation‐adjusted giving declined by 2.1% for the year.