Unbiased AI-powered news
Total donations rose 3 percent to a near-record level, led by bequests and foundation grants. Fortune reported the figures from the Giving USA Foundation annual study.
financialpost.comU.S. charitable giving totaled $617 billion in 2025, a 3 percent increase that marked the second-highest inflation-adjusted total on record, Fortune reported. The figure fell short of the 2021 peak tied to pandemic-related social services donations.
Bequests drove much of the growth, rising 16. Paul Allen’s estate contributed a $3.1 billion bequest; Allen died in 2018. Foundation grants increased 3 percent to $117 billion, reaching an inflation-adjusted record and representing one-fifth of total donations.
Individual giving grew 1.4 percent to represent 64 percent of the total. Corporate donations rose 0.5 percent to $44 billion, achieving a record share of overall giving. Religious organizations received $152 billion, flat after inflation adjustment.
Gifts to education increased 8.9 percent to $92 billion, while public-society benefit causes rose 8.7 percent to $72 billion. Social services giving reached nearly $100 billion. Gifts to foundations fell 18.3 percent to $79 billion.
A universal charitable deduction takes effect for most taxpayers in 2026 under tax legislation passed by Republican lawmakers in July 2025.
Single source — no framing comparison available.
en.globes.co.ilLebanon and Israel signed a U.S.-brokered framework agreement on June 26 that outlines steps for Israeli forces to leave southern Lebanon in stages. The deal gives the Lebanese army control of pilot zones where it must disarm Hezbollah before reconstruction begins.
The equal-weighted S&P 500 outperformed its capitalization-weighted counterpart this week by the largest margin in six years. The move coincided with investor rotation away from leading technology stocks.
ndtv.comSouth Korea deployed fighter jets after nearly 10 Chinese and Russian military aircraft entered its air defense identification zone on June 27 before departing after a brief stay. The planes flew over the East Sea and South Sea but remained outside sovereign airspace. South Korea…