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Donations up in 2021 for universities, nonprofits
Two separate reports provide evidence of nearly $100 billion in donations to 864 U.S. institutions of higher education and 8,635 nonprofits in FY 2021, according to articles in the most recent Philanthropy News Digest. The $52.9 billion directed to universities represents a 6.9 percent increase from the previous year, while the $46.4 billion donated to nonprofits represents a 9 percent jump. The largest contributors to the academy were foundations, accounting for 33 percent of receipts. Meanwhile, nonprofits in the environmental sector saw the largest annual increase, 19.3 percent, yet the sector remains one of the smallest of 11 classifications.
philanthropy