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  1. Wealth
July 19, 2013

Philanthropy Impact: US giving rises to $316 billion in 2012

By Spear's

The single largest influence on this increase was the additional $8.67bn (£5.70bn) given by individuals

Total charitable giving in the US rose for the third consecutive year, according to Giving USA’s latest annual report. The amount given by individuals, foundations, estates and corporations in 2012 equalled $316.23bn (£208.05bn).

The single largest influence on this increase was the additional $8.67bn (£5.70bn) given by individuals, compared with 2011 – an increase of 3.9%. Individuals gave 72% of donations, followed by foundations, which gave 15%, bequests 7% and corporations 6%.

The biggest recipients of donations were religious organisations, which received 32% of the income, although this dropped compared with 2011. Gifts to foundations also fell by 4.6% to 10%. Education establishments were given 13% of the money and health organisations received 9%. Donations to the arts, culture and humanities increased by 7.8% but they still only received 5% of the total income. Equally donations to environment and animals increased but only to 3%.

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