What's Happening?
The 2025 Bank of America Study of Philanthropy reveals that affluent Americans are increasingly engaging in strategic philanthropy, driven by personal values and local community impact. Despite a decline
in the percentage of affluent households contributing to charity, their average donation remains significantly higher than the general population. The study highlights the rise of volunteering and the use of giving vehicles, such as private foundations and donor-advised funds, to further philanthropic goals.
Why It's Important?
The shift towards strategic philanthropy among wealthy Americans reflects broader trends in charitable giving, emphasizing impact and community engagement. This approach could influence how philanthropy is structured and managed, encouraging more targeted and effective contributions. As affluent donors continue to prioritize social responsibility, their actions may inspire similar movements in other sectors, potentially leading to increased collaboration and innovation in addressing social issues.
