According to Giving USA, charitable giving by corporations were up 5.4% in 2018 from 2017.
↑ Giving by corporations is estimated to have increased by 5.4% in 2018, totaling $20.05 billion (an increase of 2.9%, adjusted for inflation).
The report did find that personal donations by individuals went down
↓ Giving by individuals totaled an estimated $292.09 billion, declining 1.1% in 2018 (a decrease of 3.4%, adjusted for inflation).
They blame the individual giving decline to Trump’s Tax Cuts but I’m not sure that is where the blame should be. It seems to me that Americans who got a Tax cut seem not to realize it due to the Media coverage. I think the perception of the Tax Cut is more to blame than the Tax Cut itself. If the Tax Cut was to blame then Corporations would have also had been down. Corporations who are more immune to the Mainstream Media’s narrative than everyday Americans realized they had more money to spend and part of that went to help those in need.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri two years ago at the age of 19. Since its founding, it has gotten over 200k pages views and over 20k followers. The Palmieri Report is dedicated to debunking the lies spread by the left-wing Mainstream Media.
