Previously measured by individuals who claim contributions on their tax returns, philanthropic giving showed a significant drop in 2018. This can be attributed, in part, to federal legislation that increased the standard deduction for charitable giving. As of 2018, total itemized deductions must exceed $12,000 for individuals (up from $6,350 in 2017) and $24,000 for married couples (up from $12,700 in 2017). In 2020, as part of The CARES Act, taxpayers who don't itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations.
SA2020 is working to identify a source for this indicator.
