US charitable giving continued to be concentrated at the top, with donations from members of the “Forbes 400: The Richest People in America” list giving over $250 billion to charity in 2023. Increased wealth among aging households drove significant gifts to foundations and higher ed institutions. Amid the intergenerational wealth transfer, the next generation of high net worth individuals demonstrated different giving tactics than prior generations, prioritizing impact-based giving and utilizing various tools to effect change.
