What changes should to be made to the set of recipients that received total philanthropy in 2020 in the US?
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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