Population and wealth trends will continue to have an impact on charitable giving. In 2020, charitable giving reached a record $471.44 billion in the United States.1 It’s anticipated to rise 4.1% in 2021 and 5.7% in 2022.2 Ninety percent of high-net-worth (HNW) families donate to charity in the United States.3 Only 17% of these wealthy donors indicate that their primary motivation for charitable giving are the tax benefits.4 They operate under the
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