Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report.
The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89 billion in 2015.
Giving by individuals was especially strong, at $282 billion, up 3.9 percent from the prior year. Charity experts say the growth was surprising given the public vitriol and volatility surrounding the presidential election and uncertainty about the economy and tax policy.
“Americans remained generous in 2016, despite it being a year punctuated by economic and political uncertainty,” said Aggie Sweeney, the chair of Giving USA Foundation. “We saw growth in every major sector, indicating the resilience of philanthropy and diverse motivations of donors.”
Giving by foundations rose 3.5 percent to $59.3 billion. Giving by bequests fell …