The median annual giving by the 50 most generous donors last year reached $97 million — nearly double what it was in 2000, the first year The Chronicle conducted its Philanthropy 50 analysis — even after adjusting for inflation. Collectively, this group of philanthropists gave away $14.7 billion — the largest total since 2008, when the Great Recession began to strait-jacket philanthropy. It’s also the third-largest in the 18-year history of the survey.
The 2017 giving spree was fueled by huge donations from many relatively young major philanthropists who are still accumulating great wealth — and who are likely to make big gifts for years to come.
More information available via The Chronicle of Philanthropy (2.8.18).