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   Billionaires' giving spree
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   Plus: Inflation's modest effect on consumer spending.
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          Friday, June 26, 2026
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           Americans donated a record $617 billion last year. Nine people drove a chunk of it
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          For the first time in six decades of tracking, Americans gave away more than 
$600 billion in a single year. The milestone, logged in the Giving USA 2026 annual philanthropy report, reflects a giving environment shaped less by broad public generosity than by a small group of extraordinarily wealthy individuals writing extraordinarily large checks. Nine donors accounted for $22.32 billion of the $617.2 billion total, and one of them, MacKenzie Scott, contributed roughly $7 billion on her own.
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          Over five years, Scott has directed $26.2 billion to nonprofits, often without conditions or reporting 
requirements attached. The others in last year's top tier include Michael Bloomberg at $4.3 billion, Bill Gates at $3.7 billion, and Warren Buffett at $1.34 billion. Charitable bequests — inheritances directed to nonprofits instead of heirs — also surged 16.6% in inflation-adjusted terms, driven in large part by the $3.1 billion estate gift of late Microsoft co-founder Paul Allen.
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          Wealth still expanded at roughly four times the pace of generosity. Individual giving, the dominant source of charitable dollars at $394.2 
billion, grew just 1.4% in real terms, while the S&amp;P 500 gained 13.4% over the same period.
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          Jon Bergdoll, interim director of data and research at the Indiana University Lilly Family School of Philanthropy, pointed to record-low consumer sentiment as a drag. "While the market's doing well, and GDP is doing OK," he said, "it does seem like there is a lot of unease."
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                  Tackle your credit card debt with 0% interest
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                                  Compare 0% intro APR credit cards
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">Compare 0% intro APR credit cards</a><![endif]-->
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           Today's Poll
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           Do billionaires donate enough of their fortune?
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;line-height:1.2;font-size:16px;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly">
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                            Yes. They're already giving billions
                           </a>
                           <!--<![endif]-->
                           <!--[if mso]><a 
href="https://www.ne16.com/t/10916590/222404108/10054198/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yNg&x=462c7221" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Yes. They're already giving 
billions</a><![endif]-->
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                          <td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;line-height:1.2;font-size:16px;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly">
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                            No. They only donate a small fraction
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                           <!--[if mso]><a 
href="https://www.ne16.com/t/10916590/222404108/10054199/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yNg&x=428111a8" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">No. They only donate a small 
fraction</a><![endif]-->
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                            Any donation is a good donation
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                           <!--[if mso]><a 
href="https://www.ne16.com/t/10916590/222404108/10054200/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yNg&x=c4d411f1" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: block; ">Any donation is a good 
donation</a><![endif]-->
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           Here's what you need to know
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adding $61.8 billion. While income also rose 0.7%, the personal saving rate held at just 3%, leaving little cushion.
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