Charitable Giving Strategies: Feel Good and Cut Your Taxes


Millions of people give to charity to support various causes that have had a positive effect on their lives, their loved ones and their communities. According to the National Philanthropic Trust, Americans donated $499.33 billion in 2022.

Individuals formed the largest source of charitable giving, which amounted to $319.04 billion, representing 64% of the overall donations. Other donations included foundation giving, corporate and giving by bequest. Most of the charitable dollars went to religion, followed by education and human services, then grantmaking foundations, while the health sector took the least allocation.

Why should you give to charity?





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