America the generous: U.S. leads globe in giving
Leverage the Tax Code for your charitable contributions.
Source: Axios
From Axios Finish Line, here’s a stat to savor: America was the world’s most generous country this past decade, according to the Charities Aid Foundation’s World Giving Index, which surveyed 1.3 million people in 125 countries.
- Not only do we give money, but 72% of Americans help strangers and 42% of us volunteer.
- We grew more generous during the pandemic: 2020 and 2021 donations each topped 2019.
Why it matters: This cuts across religion, region and age, with nearly 60% of Americans giving money last year. Average donation: $574.
Trend to watch: There’s a big surge in people setting up Facebook and TikTok fundraisers in lieu of birthday presents. You might roll your eyes at the exhibitionist dimension of public giving … but it beats the alternative.
- Facebook says birthday fundraisers bring in hundreds of millions of dollars a year. Top beneficiaries include St. Jude Children’s Research Hospital, the Alzheimer’s Association, the American Cancer Society and No Kid Hungry.
- Try it.
An even newer, real-time wave to surf: Booking an Airbnb stay in Ukraine — not to visit but as a way to send money to a family in need.
- Last week, 61,000 nights were booked at Airbnbs in Kyiv and other cities — 34,000 of them by Americans.
- Try it.
Tip to go: Be careful when giving. These four sites, all recommended by the Federal Trade Commission, let you verify whether a charity is reputable:
And remember, if you want a deduction, you can make sure the charity qualifies by hitting the IRS Tax Exempt Organization Search.
Questions people ask
How was America ranked for generosity in the World Giving Index?
The Charities Aid Foundation’s World Giving Index ranked the United States as the most generous country in the world for the past decade. The ranking was based on surveys of 1.3 million people in 125 countries, considering giving money, volunteering, and helping strangers.
What percentage of Americans donate money or volunteer?
Nearly 60% of Americans gave money to charity last year, according to the World Giving Index. In addition, 72% reported helping strangers and 42% volunteered. These figures show the broad participation of Americans in charitable activity.
How did pandemic years affect charitable giving in the U.S.?
Charitable giving in the United States increased during the pandemic. Donations in both 2020 and 2021 exceeded the amounts given in 2019, indicating Americans grew more generous during uncertain times.
What is the trend with online and social media fundraisers?
There is a surge in Americans setting up Facebook and TikTok fundraisers, especially in place of birthday gifts. Facebook reports birthday fundraisers bring in hundreds of millions of dollars annually, benefiting organizations such as St. Jude Children’s Research Hospital and the American Cancer Society.
How can someone verify if a charity is reputable?
The Federal Trade Commission recommends using BBB Wise Giving Alliance, Charity Navigator, CharityWatch, and Candid to verify a charity’s reputation. If you want your donation to be tax-deductible, you can check the IRS Tax Exempt Organization Search to make sure the charity qualifies.