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What changes should to be made to the set of recipients that received total philanthropy in 2020 in the US?
Total philanthropy in 2020 in the US:
As per the report the total granting foundations represented 19% of the total supply by 2020, the largest share of the record. Donations from individuals reached US $ 41.19 billion in 2020, a sharp increase of 10.3% from previous year. The residents of US have donated $ 471.44 billion by the year 2020 which also shows an increase of 5.1% from 2019. Grant funding for the year 2020 has risen to $ 88.55 billion with an amazing19% increase from 2019.
The growth of total donations in 2020 was mainly due an increase in donations from generous people, which remains a major source of generosity. It is good to see an upward trend in recent years towards donation which involves a greater proportion of total donations than it did in recent decade. These changes reflects trends such as the distribution of wealth and assets have grown over a decade due to the expansion of stock markets.
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