Overall charitable giving decreased by more than 2 percent in 2023, reflecting a challenging environment for charities and the organizations they support.
Josh Birkholz, chair of the Giving USA Foundation, mentioned donations not being back to pandemic-era levels yet, indicating some stability in the current situation.
The decline in donations in 2023 is attributed to high inflation rates and the rising cost of consumer goods, causing uncertainty among potential donors due to chaotic world events.
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