According to Giving USA 2020: The Annual Report on Philanthropy, U.S. charitable giving reached $449.64 billion in 2019, a 4.2 percent increase in current dollars over 2018. Total giving in 2017, 2018, and 2019 represent the three highest levels on record.
In 2019, individuals drove this generosity, buoyed by a robust economic environment. The S&P 500 soared 28.9 percent over 2018, while disposable personal income increased 4.3 percent and GDP grew 4.1 percent, all in current dollars. These three economic indicators are closely tied to charitable giving, paving the way for strong growth in giving in 2019.