An annual report finds donations to nonprofits rose by 3% in inflation-adjusted dollars to $617.2 billion in 2025

The stock market rally turbocharged charitable giving in 2025, but primarily from wealthy donors.

A $3.1 billion bequest from the Microsoft co-founder's estate — paid out seven years after his death — helped push charitable bequests to $62 billion.

An annual report finds donations to nonprofits rose by 3% in inflation-adjusted dollars to $617.2 billion in 2025