Billionaire Philanthropy Is Falling (or is it?)
Billionaire philanthropy is changing from traditional giving to large foundations, moving to a wider variety of approaches like DAFs and LLCs. This article is an interview with the study researchers and is interesting throughout.
“The top 50 American individuals and couples who gave or pledged the most to charity in 2023 committed US$12 billion to foundations, universities, hospitals and more. That total was 28% below an inflation-adjusted $16.5 billion in 2022, according to the Chronicle of Philanthropy’s latest annual tally of these donations.”
Donations by top 50 US donors fell again in 2023, sliding to $12B | The Conversation
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