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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in phil...

BUSINESS NEWS July 04, 2026

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in philanthropy driven by the Great Wealth Transfer.

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Donations from individuals hit $394B last year, but a 17% rise in bequests points to a shift in philanthropy driven by the Great Wealth Transfer.

Author: Fortune

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