The Tax Law of Charitable Giving, 6th Edition

CHAPTER ONECharitable Giving Law: Basic Concepts

• § 1.4 Statistical Profile of Charitable Sector
  • (a) Form 8283 Reporting
  • (b) Types of Noncash Contribution
  • (c) Decline in Returns and Amounts
  • (d) Average Contribution Amounts
  • (e) Types of Charitable Organizations

§ 1.4 STATISTICAL PROFILE OF CHARITABLE SECTOR

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Charitable giving in the United States in 2020 is estimated to have totaled $471.44 billion.¹²⁶ Total charitable giving grew 5.1 percent measured in current dollars over the revised total of $448.66 billion contributed in 2019. Adjusted for inflation, total charitable giving in 2020 increased 3.8 percent.

Charitable giving by individuals in 2020 amounted to an estimated $324.1 billion; this level of giving constituted 69 percent of all charitable giving for the year. Grantmaking by private foundation was an estimated $88.5 billion (19 percent of total funding). Gifts in the form of bequests in 2020 were estimated to be $41.19 billion (9 percent of total giving). Gifts from corporations in 2020 totaled $16.88 billion (4 percent of total giving for that year).

Contributions to religious organizations in 2020 totaled $131.08 billion (28 percent of giving that year). Gifts to educational organizations amounted to $71.34 billion (15 percent); to human service entities, $65.14 billion (14 percent); to foundations, $58.17 billion (12 percent); to public/society benefit organizations, ...