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Despite economic downturn, Americans' charitable giving was at a record high in 2020

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A new report on American philanthropy released this week revealed that charitable giving in the U.S. reached recored levels last year — in spite of an economy that saw paychecks slashed and unemployment soaring.

What did the report say?

The annual Giving USA report published Tuesday revealed that Americans gave a record $471 billion to charity in 2020, according to the Associated Press. The Giving USA Foundation said 2020's levels beat 2019's record giving of $448 billion by 5.1%, the AP said.

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