According to Giving USA 2016, total charitable giving in the United States grew by 4.1 percent to $373.25 billion in 2015. This marks the highest total amount given in the 40 years Giving USA has tracked this data, both in current dollars and adjusted for inflation.
A few weeks ago we looked at the implications for higher education from the Giving USA data. This week we will focus in on the health sector and look at the implications of this latest giving data for healthcare philanthropy.
The good news for health organizations is that the $29.81 billion dollars given to such causes in 2015 is the highest total that subsector has ever received in current dollars – slightly surpassing the previous high water mark from 2014 of $29.43 billion. In comparison to other subsectors of recipient organizations, however, health organizations are struggling to capitalize on the recovering economy and expanded charitable giving.