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Philanthropy is on the rise!

Check out these findings by the Indiana University Lilly Family School of Philanthropy:

  • Total charitable giving is expected to rise above the historical 10-year, 25-year, and 40-year annualized average rates of growth in both 2024 and 2025.
  • Giving by households is predicted to grow but will trail the rate of growth for total giving.
  • Giving by foundations is expected to experience strong growth, outpacing growth rates for total giving in 2024 and 2025.
  • Giving by estates is anticipated to experience stronger growth in 2025, rising above the historical 10-year, 25-year, and 40-year annualized average rates of growth.
  • Giving by corporations is also projected to grow but will lag historic rates of growth for this sector.

According to the National Philanthropic Trust:

  • There are more than 1.8 million recognized 501(c) organizations in the United States.
  • In 2023, 501(c)(3) organizations made up the majority of 501(c) organizations in the U.S., with 1.5 million.
  • As of 2017, there were more than 12 million people employed in the U.S. nonprofit sector.
  • There are approximately 340K religious, 255K educational, 154K human services, 129K arts & culture, and 64.5K public-society benefit nonprofit organizations in the U.S. in 2024. The least common nonprofit category, with only nine reported, is mutual assistance research institutes.

In the Fall 2024 issue of Inkandescent Women magazine, it’s a pleasure to introduce a dozen women leading the philanthropic charge, including:

Don’t miss it!