America’s Superrich Made Near-Record Contributions to Charity in 2017

The surge in big gifts comes at a time when average Americans are curtailing their charity, according to a Chronicle analysis of tax data. The decline in giving since the Great Recession has raised fears that the country’s economic divide is being replicated in philanthropy, with nonprofits increasingly having to rely on the wealthy.

“A larger and larger share of the philanthropic pie is coming from fewer and fewer donors,” says Aaron Dorfman, head of the National Committee for Responsive Philanthropy.

Read the entire article in The Chronicle of Philanthropy.