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Total donations rose despite elevated prices for essentials, led by $394 billion from individuals. Bequests increased nearly 17 percent after inflation adjustment while billionaire wealth grew 16 percent.
Total donations rose across individuals, foundations and bequests. MacKenzie Scott accounted for one-third of tracked megagifts while Elon Musk discussed difficulties in effective large-scale giving.
Warren Buffett will not make his usual midyear donation to the Gates Foundation in 2026. The investor is postponing the gift until later in the year.
winnipegfreepress.comScott's donations brought her five-year total to $26.2 billion. Overall U.S. charitable giving reached $617.2 billion, a 5.7 percent increase from the prior year.
winnipegfreepress.comScott's gifts accounted for one-third of all megagifts last year and brought her five-year total to $26.2 billion. Total U.S. philanthropic donations reached $617.2 billion.
foxbusiness.comDocuments show the Eric Trump Foundation transferred funds to Trump Organization properties for golf events and hotel stays. The charity reported raising more than $25 million for St. Jude Children's Hospital during its operation.