The holiday gifts are unwrapped, but there’s still time to give. There are still a few days left for end-of-year charitable contributions.
Americans are a generous people. Thanks to a booming stock market and strong economy last year, charitable giving by individuals, estates, foundations, and corporations amounted to $410.02 billion, surpassing the $400-billion mark for the first time, according to Giving USA. Giving by individuals accounted for 70% of total giving and grew 5.2%. People gave nearly $287 billion, compared to foundations, the next highest contributor, which gave a little almost $67 billion.