Donors gave generously in 2023 despite the year’s many challenges, which included economic fluctuations, significant inflation, and complex world events. Individual giving remains the largest source of philanthropy in the US, and even as the number of individual donors continued to decline last year, the total contributions from this group grew. This was partly due to a stronger-than-expected stock market performance that increased donors’ disposable income, which grew 8.1% (3.8% adjusted for inflation).
