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GivingTuesday brings in $3.1 billion despite inflation, recession concerns

Written on Dec 9, 2022

GivingTuesday 2022 generated $3.1 billion for U.S.-based nonprofits alone, a 15% increase compared to 2021’s $2.7 billion and a 25% jump from 2020’s $2.47 billion, according to the statisticians at GivingTuesday Data Commons. 

The now 10-year-old global fundraising and service event held on Tuesday, Nov. 29 saw more than 37 million funders within the United States participate. Globally, people in an estimated 85 countries participated in GivingTuesday. 

Despite the difficult economic year that many households have experienced, with inflation in the costs of basic goods, gas and housing, people were still willing to give, said GivingTuesday CEO Asha Curran. 

"That’s really what we saw yesterday," she told The Associated Press. "That whatever it is that people are experiencing, they were as generous as they had the capacity to be." 

GivingTuesday estimated that giving increased about 15% from 2021′s $2.7 billion, outpacing inflation. Donations were tallied using an array of data sources that includes major community foundations, companies that offer fundraising software, the payment processor PayPal and large grantmakers like Fidelity Charitable and Vanguard Charitable. Their methodology for compiling the estimate seeks to eliminate duplicate data points, Curran said.