Donor-advised funds underpin growth in charitable giving
Schwab Charitable reported its donors increased their giving by 8%, or nearly $350 million, to more than $5 billion in its fiscal year 2023.
Charitable donations declined in 2022 after hitting record levels in 2021 and 2020. With only a few weeks to go before year-end, where will 2023 wind up when it comes to philanthropy? And how is 2024 shaping up on the giving front?
Total giving in the United States declined 3.4% in 2022, to $499.
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