Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
Statistics indicate the United States is the most generous country in the world over the decade until December 2019.[2][3]
As of 2021, the majority of charitable dollars in the U.S. went to religion (27%), education (14%), human services (13%), grantmaking foundations (13%), public-society benefit (11%), health (8%), international affairs (5%) and arts/culture (5%) according to the Giving USA (Giving USA 2022: The Annual Report on Philanthropy for the Year 2021, a publication of Giving USA Foundation, 2022, researched and written by the Indiana University Lilly Family School of Philanthropy.)[4] In 2021, sources of dollars include living individuals (67%), deceased individuals giving through a bequest under will (9%), foundations (19%) and corporations (4%). (Giving USA 2022: The Annual Report on Philanthropy for the Year 2021, a publication of Giving USA Foundation, 2022, researched and written by the Indiana University Lilly Family School of Philanthropy.).
- ^ Infographic courtesy of GiveWell.
- ^ Albrecht, Leslie. "The U.S. is the No. 1 most generous country in the world for the last decade". MarketWatch. Retrieved 2020-09-07.
- ^ "The World Most Generous Countries". U.S. News. December 20, 2019. Retrieved 2020-09-07.
- ^ "Charitable Giving Statistics".