Decline in Charitable Giving

November 20, 2023

Americans gave almost $500 billion to charity in 2022 — a strong show of generosity but a 3.4% decline (10.5% adjusted for inflation) from record giving in 2021. This was only the fourth time in the last 40 years that charitable giving fell in current dollars. The stock market downturn, high inflation, and other economic uncertainties caused many households to cut back on giving. Even so, a wide range of charities benefited from generous donations. Here are the types of recipients, by percentage of total charitable contributions.

chart showing percent of giving contributions

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Woman wearing glasses and using her phone, sitting on a couch in a living room.

Three Ways to Help Build Financial Resilience

By TFC Team • August 20, 2025
We go over three ways to build financial resilience. The three ways are to fortify your foundation, stress-test your portfolio, and anticipate future challenges.
An older woman with glasses thoughtfully looks off to the side, holding a pen.

How Has SECURE 2.0 Affected 401(k) Plans?

By TFC Team • August 20, 2025
A summary of how SECURE 2.0 Act which was passed in 2022 has improved 401(k) plans.
Person sitting at a desk with hands behind head, laptop in front. Purple shirt, yellow hair, neutral background.

Life Insurance Might Help During Turbulent Economic Times

By TFC Team • August 20, 2025
A summary of benefits and how life insurance can be a useful tool to consider to help you in other areas of your life.
Older couple smiles while sitting on a porch; the man wears purple, the woman wears orange, and white furniture is in the background.

Boomer Homeownership and Retirement

By TFC Team • August 20, 2025
An infographic showing the relationship of boomer homeownership to retirement and aging.
Show More