Giving by corporations increased by 13.4%, totaling $21.09 billion. The large increase reflects “changes in corporate pre-tax profits and GDP,” the report said.
“Giving to education; to arts, culture and humanities organizations; to public-society benefit organizations, and environment and animal organizations all saw double-digit growth in 2019,” said Patrick M. Rooney, executive associate dean for academic programs at the Lilly Family School of Philanthropy. “The 2019 results for recipient organizations are in line with the trends we have seen over time. Generally speaking, when there is broad-based economic growth, it is reflected in increased giving to all of the various subsectors; however, giving to religion is usually the least affected by economic shifts.”