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3 unsettling reasons Americans are giving less cash to charity

After a record-breaking 2017, charitable giving by individual Americans fell last year in response to a volatile stock market and the new tax law.

Charities raked in $427.71 billion overall in 2018, an increase in total dollars from the previous year. But when adjusted for inflation, the figure represented a 1.7% decline in overall giving, according to Giving USA, an annual report on philanthropy released Tuesday.

The dollar amount of donations from individual Americans dropped 1.1%, while donations from corporations and foundations — the charitable entities often established by wealthy families — increased by 5.4% and 7.3% respectively.

See also:Amazon donates $3 million to Virginia homeless group as HQ2 pushes home prices up 17%

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