Billionaires Are Tapping Skyrocketing Fortunes to Fund Record Giving
MacKenzie Scott and Jack Dorsey, along with foundations, helped boost charitable donations in a year when it was sorely needed.
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Americans gave a record $471.4 billion to U.S. charities in 2020, much of it stemming from fortunes made in technology.
The philanthropic total — about 70% from individuals — was an estimated 3.8% higher than in 2019, after adjusting for inflation, according to an annual survey by Giving USA released Tuesday.