Charitable Giving Bounced Back To Pre-Pandemic Levels Last Year

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Charitable Giving Bounced Back To Pre-Pandemic Levels Last Year
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Charitable Giving Bounced Back To Pre-Pandemic Levels Last Year:

Charitable giving took a dip in 2020 because of the Covid-19 pandemic, but rebounded in 2021, according to data released byWoman collecting money for charity and holds jar with coins.81% of U.S. adults donated money to a charitable organization in 2021, up from 73% in 2020.

That’s back on target with the number of people who did before the pandemic started: In 2017, 83% of U.S. adults donated to charity. Income affected how many people gave: 68% of people who made less than $40,000 a year donated, compared to 84% who made between $40,000 and $99,999 and 92% who made $100,000 or more.

Though 58% of U.S. adults volunteered their time in 2020, only 56% did in 2021, marking a sharp decline from the 64% of people who did in 2017. That’s how much charitable giving declined between 2008 to 2009 during the economic recession, from 82% to 79%. In 2020, religious causes were the biggest recipient of charitable donations, with 28% of donations going to one, according to a report from Giving USA.

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