Percent of all individual income tax returns with contributions
Increase Philanthropic Giving
More of the Story
Philanthropic giving, measured by individuals who claim contributions on their tax returns, showed a significant drop in 2018. This can be attributed, in part, to federal legislation that increased the standard deduction for charitable dedication. Total itemized deductions, as of 2018, must exceed $12,000 for individuals (up from $6,350 in 2017) and $24,000 for married couples (up from $12,700 in 2017).
Giving USA’s 2019 Report showed that, nationally, individual giving in 2018 was down from 2017, while giving by foundations and corporations increased.
In 2021, SA2020 will develop a biennial survey that will look at philanthropic giving locally, further disaggregating individual giving and gaining greater insight in corporate and foundation investment.
Individual Tax Returns with Contributions
Increase the percentage of all individual tax returns with contributions to 20%