Dossier
bequests
Coverage of bequests in the Nexus archive.
United Statesplace1Megadonorstopic1stock market rallytopic1Giving USAorganization1Wendy McGradyperson1Jon Bergdollperson1Indiana University Lilly Family School of Philanthropyorganization1The Great Wealth Transfertopic1education nonprofitsorganization1public-society benefit organizationsorganization1environment and animal nonprofitsorganization1arts, culture and humanitiestopic1healthtopic1human servicestopic1international charitiesorganization1religious groupsorganization1S&P 500topic1Financial Marketstopic1megagiftstopic1
- U.S. giving topped $600 billion for the first time last year. Megadonors and bequests are to thank
U.S. charitable giving exceeded $600 billion for the first time last year, driven by megadonors and bequests. A stock market rally in 2025 further boosted contributions, primarily from wealthy donors.
- Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA report
U.S. charities received $617 billion in donations in 2025, a 3% inflation-adjusted increase from the previous year, driven by strong stock market performance and economic growth. Bequests rose 17%, signaling potential acceleration in the Great Wealth Transfer, while all donor categories—corporations, individuals, foundations, and bequests—increased giving. Education and public-society benefit nonprofits saw the largest gains, but religious group donations declined slightly.