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Schwab Charitable donors granted greater than $6.1 billion to charity in 2023, a rise in giving of 31% in contrast with the prior 12 months.
Donors supported over 127,000 particular person charities by greater than 1 million whole grants, based on the group. This marks an 11% yearly enhance within the variety of grants going to charities, in addition to the primary time that donations from Schwab Charitable have topped the $6 billion mark.
Some $1.5 billion was granted to 250,000 charities between “Giving Tuesday” on Nov. 28 and the unofficial finish of the winter vacation season on Dec. 31 — a interval that usually sees accelerated donor exercise.
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