💨 Abstract

Philanthropy in the U.S. saw a 3.3% increase in donations to $592.5 billion in 2024, adjusting for inflation, with notable rises in corporate and individual giving, according to the "Giving USA" report. Despite this growth, nonprofits faced challenges including reduced federal funding, layoffs, increased service demand, and market uncertainties. Notable shifts included a 16.1%

Courtesy: WTOP Staff