Charitable Giving Reaches All-Time High In U.S. In 2020

10 year old holding charity donations in a jar

Photo: Getty Images

Here's today's feel-good story:

According to a new report, charitable giving in the United States reached a new record of $471 billion in 2020 which seems to have been galvanized by the racial injustice protests and the pandemic.

The report released by Giving USA says that Americans donated more to charity than in 2019 despite the economic downturn.

“In some ways, 2020 is a story of uneven impact and uneven recovery,” said Amir Pasic, the dean of Indiana University’s Lilly Family School of Philanthropy that wrote the Giving USA report.

“Many wealthier households were more insulated from the effects of COVID-19 and the ensuing economic shock, and they may have had greater capacity to give charitably than households and communities that were disproportionately affected and struggled financially,” Pasic said.

Read more here.

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