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

U.S. charitable giving tops $600 billion for first time, driven by megadonors and stock market rally

U.S. charitable giving surpassed $600 billion for the first time in 2025, reaching an estimated $617.2 billion — a 5.7% increase from the pr

Younger heirs push billionaire parents to accelerate philanthropic giving amid $124 trillion wealth transfer, Milken Institute report finds

A historic $124 trillion wealth transfer is underway as millennials and Gen Xers inherit fortunes from older generations. According to a Mil

MacKenzie Scott accounted for one-third of U.S. megagift donations last year, totaling nearly $7 billion

MacKenzie Scott, ex-wife of Amazon founder Jeff Bezos, was responsible for roughly one-third of all U.S. "megagift" charitable donations in

Elon Musk's $1 trillion fortune is so vast that Jeff Bezos is now closer in wealth to the average American — Moneywise.com

AI Wealth Could Generate $100 Billion in Annual Philanthropy, But Critics Question Tech Billionaires' Approach

Nan Ransohoff estimates that AI wealth from OpenAI, Anthropic, and their founders could generate up to $100 billion annually in new philanth

$83.5 trillion wealth transfer begins as heirs prepare to spend inherited fortunes differently

The largest intergenerational wealth transfer in history is underway, with an estimated $83.5 trillion expected to pass from baby boomers an