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Charitable giving grew to $593B in 2024, propelled by a strengthening US economy and a booming stock market

Paul Newman, the late actor and philanthropist, co-founded Camp Boggy Creek, which children with serious illnesses and their families attend for free. AP Photo/Phelan M. Ebenhack

U.S. charitable giving increased 3.3% to US$593 billion in 2024, lifted by the strength of the economy.

The annual report from the Giving USA Foundation, produced in partnership with the Indiana University Lilly Family School of Philanthropy, found that this was the second-highest level on record after adjusting for inflation.

Giving grew at the fastest pace since 2021, when the COVID-19 pandemic led many Americans to make larger-than-usual donations. It was also the first time since then that growth in giving outpaced inflation.

As two of the report’s lead researchers, we see many signs of healthy growth in charitable giving in 2024. Our data shows that the strong economy, which grew 2.8% in 2024, bolstered individual and corporate giving and allowed foundations to maintain the historically high level of giving seen from them in recent years.

It also helped that stock markets performed well in 2024, consumer sentiment was generally positive, personal income rose and inflation continued to ease.

Donations to nearly every charitable category we track grew.

Individuals and corporations led overall growth

Individual donors continued to provide the bulk of the nation’s charitable gifts. The $392 billion they gave to charity accounted for two-thirds of the year’s total. Giving by individuals grew 5.1% from 2023 − a swifter pace than for all donations.

Corporate giving rose even faster. It was up 6% to a record $44 billion.

This growth reflects the high pretax profits earned by corporations in 2024 and the trend toward corporations donating a higher share of pretax profits in recent years.

For example, corporations generally donated less than 1% of pretax profits from 2004-2018. But our research team started to see corporate giving rise to 1% or more in the 2019 data. This was also the case in 2024, when corporate giving stood at 1.1% of pretax profits.

Corporate philanthropy has grown by more than 50% since 2019, a trend that has coincided with rising in-kind donations of insulin products and other pharmaceuticals. Drugmakers made an estimated $24 billion in these donations in 2024 − up 41% since 2019.

To be sure, corporations’ donations amounted to just 7% of overall giving in 2024.

Meanwhile, grants made by foundations exceeded $100 billion for the third straight year. Almost $1 out of every $5 contributed to charity was from a foundation in each of those years.

Giving by foundations in the five years ending in 2024 was higher than any other period since Giving USA has tracked this data. Foundation giving, however, remained fairly flat from 2023 to 2024, at about $110 billion.

Around 8% of all gifts made in 2024 were from bequests included in people’s wills, the same as in 2023. Bequests totaled $44 billion, down 4.4% when adjusted for inflation. But the total given through bequests varies quite a bit from year to year.

Most kinds of donations increased

Donations to most of the nine charitable categories Giving USA tracks increased. The one exception: Gifts to churches and other religious institutions fell 1%. But religious giving remained by far the top category, followed by human services and education.

Religious causes received 23% of all donations, a total of $147 billion. Giving to human services nonprofits, such as food banks and homeless shelters, increased considerably during the pandemic. It now accounts for about 14% of all donations. In 2024, these gifts totaled $91 billion.

Giving to education, which primarily consists of donations to colleges and universities has tended to grow more slowly than overall giving in recent years.

Giving for education rebounded to a record high in 2024, however, rising nearly 10% from a year earlier. And these gifts have grown at a quick pace over the past decade, increasing by more than 22% from 2015 to 2024. The $88 billion in gifts received for education in 2024 was the third-largest of the nine categories we follow.

Several other categories also reached all-time highs of giving in 2024: health, at $61 billion; arts, culture and humanities, at $25 billion; and environment and animals, at $22 billion.

The increases in giving for most kinds of nonprofits, supported by strong growth in giving by individuals and corporations, indicate that the charitable sector ended 2024 in a relatively solid position.The Conversation

Jon Bergdoll, Associate Director of Data Partnerships at the Lilly Family School of Philanthropy, Indiana University and Christina Daniken, Research Associate in Philanthropy and Editor-in-Chief of Giving USA, Indiana University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Written by: Jon Bergdoll, Indiana University and Christina Daniken, Indiana University
Published: 27 June 2025

Lakeport Rotary Club buries 2050 time capsule

Lakeport Rotary President Pam Harpster stands next to the spot where the time capsule was to be buried at Xabatin Park in Lakeport, California, during a ceremony on Wednesday, June 25, 2025. Photo by Lingzi Chen/Lake County News.

LAKEPORT, Calif. — Rotarians and community members gathered in Lakeport on Wednesday evening to build a bridge between the present and the future.

The Lakeport Rotary Club celebrated the burial of a community time capsule at Lakeport's Xabatin Park.

The time capsule, to be covered by a layer of concrete, is located near the park’s North Main Street entrance next to the curfew bell, a project Lakeport Rotary finished last fall.

With the time capsule, the club — celebrating its 100th anniversary this year — is looking toward 2050. That’s the year that the time capsule will be reopened.

Rotary President Pam Harpster credited numerous individuals for their help in the project, including city of Lakeport staff Jim Kennedy, Ron Ladd and Kevin Ingram, and many Rotarians.

“It’s been a group effort,” she said. 

Harpster also explained the reason for a time capsule.

“Why a time capsule? What the heck?” she asked.

A group of youngsters with the Rotary time capsule. It’s hoped they will be around to help open it in 25 years. Photo by Nathan Powers. The time capsule up close. Photo by Nathan Powers.


For one, it will say hello to the future, and will preserve a bridge between now and 2050, Harpster said.

The time capsule will contain numerous items that she said represent the community, including letters, mementos and objects with sacred importance, such as a medicine bag gifted to the effort by Les Miller of the Scotts Valley Band of Pomo Indians, containing soil from the grave of his grandmother, a tribal matriarch.

Miller called the time capsule a “super idea,” adding he is proud of Lakeport, the city where he grew up.

Harpster said a 5-foot-tall eagle statue also is planned to be located near the time capsule.

She said she and the club are looking forward to working with the city more.

Rotarian Jennifer Strong said being a Rotary president during a centennial is a tall order, but Harpster, who has had health challenges in the midst of it, met the moment.

“This park is a gift,” said Strong, who also grew up in Lake County. 

The park represents the past, present and future, Strong added.

The time capsule up close. Photo by Nathan Powers.


Rotary has clubs in Kelseyville, Clearlake and Lakeport, with a satellite in Middletown. Strong said the club’s mission is to give back, and leave things better than they found them.

Strong said it’s overwhelming to think about all that volunteers do, and it’s a gift to be part of it. 

Rotary welcomes new members with the motto, “Service Above Self.” However, Strong said she thinks it’s more accurate to say “service feeds self.”

“We get more out of it than we give,” Strong said.

Rotary invites the community to take part in their centennial celebration, set for Saturday, Aug. 9, at 5:30 p.m. at the Soper Reese Theatre, 275 S. Main St. in Lakeport.  

For more information and to purchase tickets, please visit the Rotary Club of Lakeport's website at www.lakeportrotary.org. 

Below is the list of items included in the time capsule.


Lakeport Rotary members at the site of a new time capsule at Xabatin Park on Wednesday, June 25, 2025. Photo by Elizabeth Larson/Lake County News.
Rotary Club of Lakeport: Time Capsule 2025

*Rotary Club of Lakeport
Polo shirt with logo
Polo shirt — Centennial logo 1925-2025
Tote bag — Rotary Youth Exchange 2024 (Strong Financial Network)
District Conference Lake County 1952
Membership Classification List
Sources of Revenue 1992-1993
Polio Plus Society Certificate x2
District 5130 Newsletter June 2025

Packet from Pam Harpster – President
Letter to Future Presidents
Power Point Prez of last meeting, June 18, 2025
Time Travel – Capsule Invitation
District Grant Proposal for Time Capsule
District 5130 Letter from Governor
Sample of Rotogram

Letters to People (from Pam Harpster)
City of Lakeport
Jacob Glenn Thomsen
Clara Luchsinger
Kennedy and Quin Karkin
Colton and Connor Todd
Future Community Members

Letters from Rotary Members
April Leiferman
Dennis Fordham
Greg Scott
John Lawson
Faith Hornby
Pam Harpster

Club Brochure
Meeting Attendance List n.d.
Invocation
Songs-Lyric Book
A History of 57 Years of Service (booklet)
Manual of Information for Presidents and Secretaries
Banner
Golf Ball with Rotary logo
Wine Bottle-Crab Feed 2025
Time Capsule Flier

Rotary packet
Flag, pin, badge, magazine

Rotary Projects-Photos
Crab Feed 2025
Christmas Basket
Easter Egg Coloring 225
Hospice Lending Closet

Letters from Students
Upper Lake Elementary School-Teachers
Fourth Grade Classes:  Heather Hunt, Payton Conrad, Kathy Verstoppen, LanaVanBuskirk
Fifth Grade Classes:  Chelsie Gracia, Morgan Psalmonds, Allison Pivniska-Clouse

Book of Why
Thank You Letters from Upper Lake Elementary School Third Grade Class of Jasmin Harwell

*Rotary Club of Kelseyville Sunrise
-Membership -Projects    -Challenges
Banner x2
Rotary Pin – The Magic of Rotary + Thumb Drive
2024 Lincoln Penny
Gold Bell with Mount Konocti “K”

*Pins
City of Lakeport
Lake County Fair
Mendocino College
Mendocino College Foundation
Lake County Office of Education

*Assorted Items
Back Stage (magazine) May-June 2025
Belt buckle, city of Lakeport centennial, gifted by Lakeport Kiwanis Club
Best of Lake & Mendocino 2025 Magazine
Big Valley Rancheria – Medicine Bag; Sealed Envelope with Contents
Business Design Services
Brochures of service, Lake County Tribal Health
Certified Tourism Ambassador – Pin, Brochure; Welcome Anglers Sign
County of Lake – Business cards – Board of Supervisors, Administrators
Cub Scouts
Ganoung,Tom – CD, Laughter in the River
General Aviation News – May 22, 2025 - Clear Lake Splash In  
Habematolel (Pomo of Upper Lake) – Arrow March 2025 Magazine
Lake County Land Trust – Newsletter Spring 2025; Magnet; Brochure
Lake County Theatre Company – Shows for 2024-2
Lakeport Events 2025
Lake Family Resource Center – Services
Lake County Tourism Improvement District – Official Visitors Map, LAKELife 2024 
Lakeport Unified School District – Spring/Summer 2025 Reports to Community
Luchsinger, Clara – News Clippings, Sealed Envelope, Lake County Record-Bee, 4/4/2025
Mendocino College – 2024-25 Catalog, Fall 2025 Class Schedule, Degrees & Certificates,  
 Assorted Brochures; Dual Enrollment Stole
Shakespeare at the Lake 2025
Soper Reese Theatre – Shows, Classic Cinema
Strong Financial Network
That Ranch – Packet
The Ripe Choice Farm
Walk Through Time – CD, The Story of Anderson Marsh
100+ Women Strong Lake County
One-Team One Dream 
Silver Foundation
Sutter Health/Sutter Lakeside Hospital
Skylark Shores Resort
Lake County Fair – Lake County Rodeo 2025 poster
Lake County Library & Bookmobile – services, summer reading program
CLERC – Clear Lake Environment Research Center
Lake County Winegrape Commission – reports
Lake County Economic Development Corporation – rack card with services
Scotts Valley Band of Pomo Indians – medicine bag

*City of Lakeport
Xabatin Park – Big Water, Bold Vision – background on park planning/funding
Guide to Doing Business in Lakeport
Postcards – 7 City scenes
Movement Moai April 2025 - flier
Lakeport Economic Development Advisory Committee Members – rack card
Tote Bag with City seal
Public Works/Utilities – group photo plus accomplishments 2024-2025
City Manager’s Message; Budget Book FY 2024/2025

Email Elizabeth Larson at This email address is being protected from spambots. You need JavaScript enabled to view it.. Follow her on Twitter, @ERLarson, and on Bluesky, @erlarson.bsky.social. Find Lake County News on the following platforms: Facebook, @LakeCoNews; X, @LakeCoNews; Threads, @lakeconews, and on Bluesky, @lakeconews.bsky.social. 
Details
Written by: Elizabeth Larson
Published: 26 June 2025

Presentations on Sonoma Clean Power feasibility study planned in July

LAKE COUNTY, Calif. — Community members are invited to upcoming meetings in order to  learn more about how Lake County could offer an alternative to Pacific Gas and Electric’s electric power sources, cut emissions and potentially trim rates while retaining PG&E for grid maintenance. 

Three public meetings will be held in July. 

Attendees will learn how Mendocino and Sonoma Counties have successfully replaced PG&E's power sources with their own, and how Lake County is considering a similar action.

Hearings will take place as follows:

• 10:30 a.m. Tuesday, July 8, Lake County Board of Supervisors, first floor of the Lake County Courthouse, 255 N. Forbes St., Lakeport.
• 6 p.m. Tuesday, July 15, Lakeport City Council, 225 Park St.
• 6 p.m. Thursday, July 17, Clearlake City Council, 14050 Olympic Drive.

Sonoma Clean Power, or SCP, is a community-owned organization fighting for lower rates and more renewable energy. 

Starting in 2014, SCP began replacing PG&E's power sources for customers across Mendocino and Sonoma counties. SCP is not a full municipal utility because it still relies on PG&E to maintain all the poles and wires in the power grid.

The county of Lake and Cities of Clearlake and Lakeport are considering asking SCP to expand its services to include our region.

SCP has trimmed power bills for its customers by over $100 million over the past decade, and built large solar, wind and battery systems. SCP is also leading an effort to build 600MW of new geothermal power to secure affordable rates and improve our region's energy independence. 

Today, SCP generates the power for 87% of all electric customers across Sonoma and Mendocino counties.

Earlier this year, the Lake County Board of Supervisors and the cities of Lakeport and Clearlake sent requests to SCP to consider extending service into Lake County. 

The July meetings will explore that option in detail.

Details
Written by: LAKE COUNTY NEWS REPORTS
Published: 26 June 2025

Thompson, Hoyer, Neal convene former IRS commissioners and taxpayer advocates to highlight administration's cuts 

Congressman Mike Thompson speaks at a briefing with former IRS commissioners. Courtesy photo.


Members of Congress this week heard from former commissioners of the Internal Revenue Service as well as tax experts about their concerns about the president’s efforts to undermine the agency.

Ranking Member of the House Ways and Means Subcommittee on Select Revenue Measures Rep. Mike Thompson co-led a briefing with Ranking Member of the House Appropriations Subcommittee on Financial Services and General Government Rep. Steny H. Hoyer and Ranking Member of the Ways and Means Committee Rep. Richard E. Neal. 

They were also joined by Ranking Member of the House Appropriations Committee Rep. Rosa DeLauro (CT-03). 

The members highlighted the Trump Administration’s continued attacks on the Internal Revenue Service. 

They heard testimony from Former IRS Commissioners John Koskinen, Fred Goldberg, Danny Werfel, as well as Natasha Sarin, president of the Yale Budget Lab, and Nina E. Olson, executive director of the Center for Taxpayer Rights, as they discussed the consequences that IRS cuts have on law enforcement and America's fiscal responsibility. 
 
“The president’s decision to underfund the IRS is no accident. This administration is ensuring that the IRS can’t carry out audits of corporations and high-income earners, handing a free pass to their wealthy donors and guaranteeing billions of dollars lost in unpaid taxes. Meanwhile, the services ordinary Americans rely on will be worse. My constituents, and all Americans, deserve a government that works for them, not one that caters to the wealthy and the well-connected," said Rep. Mike Thompson (CA-04).

"For years, the IRS has been desperately underfunded and understaffed, leading hundreds of billions of dollars in legally owed taxes to go uncollected each year," Ranking Member Hoyer said. "An attack on the IRS is an attack on America's fiscal health."

“The Trump Administration’s relentless effort to gut the IRS is nothing short of sabotage,” said Ranking Member Neal. “When the IRS works, America works, but Republicans are intent on tearing it down to protect the wealthy few. Their cuts mean fewer audits for millionaires, more burdens for honest taxpayers, and billions in lost revenue that could be invested in workers and families.”

"I spent 20 years in the private sector helping to turn around large, failed enterprises.  And it never occurred to us to starve the accounts receivable operations of any company to see how they did.  The goal was to protect revenues, not lose them.  I think it is nonsensical to maintain, on the one hand, that you’re concerned about the size of the deficit and, on the other hand, to undermine the agency charged with collecting taxes owed," said former IRS Commissioner John Koskinen (Obama Administration, Trump Administration). 

"Any executive — whether they are from a public company, a large of small private company, or from the government — will tell you that there is no way to effectively run an enterprise when each year's budget is completely unknown and unknowable in advance. Good management and strategic direction requires forward planning. You simply cannot do that if you do not have any idea what the budget outlook will be from year to year," said former IRS Commissioner Fred T. Goldberg, Jr. (H.W. Bush Administration).

"This is a critical time for the tax agency — and the nation. While the brave men and women of our armed services stand in harm's way across the globe and members of both parties have concerns about the deficit, there should be no political disagreement that the success of the IRS is vital to the short-term and long-term success of our country, whether it’s serving taxpayers or collecting revenue critical to the health and safety of the United States and our citizens," said former IRS Commissioner Danny Werfel (Biden Administration).

"The combination of staffing cuts, seriously damaged employee morale, technology starts and stops, replacement of human intervention with digital tools and decision-making, and erosion of the confidentiality of tax return and taxpayer return information — none of this bodes well for US taxpayers and the protection of their fundamental rights under the Taxpayer Bill of Rights," said Nina E. Olson, executive director, Center for Taxpayer Rights.

"The IRS interacts with every household and every business, and its dedicated civil servants take that responsibility seriously. Its workforce must grow and evolve, not indiscriminately be ransacked. It is unfortunate that the IRS has found itself under siege and without the tools its employees need to do the work they care so deeply about. I hope the testimony today, from a group of bipartisan tax experts across the ideological spectrum, can help to encourage course correction. If the IRS is not adequately funded we will be leaving significant revenue on the table and eroding our democracy," said Natasha Sarin, president, Yale Budget Lab.

A recording of the full meeting is available here. Witnesses' prepared remarks can be found here.

Thompson represents California’s Fourth Congressional District, which includes all or part of Lake, Napa, Solano, Sonoma and Yolo counties. 

Details
Written by: LAKE COUNTY NEWS REPORTS
Published: 26 June 2025

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