American Philanthropy Still Strong Post COVID-19

An experienced entrepreneur, Michael VanErdewyk is active in the FinTech space. Since 2019, Michael Van Erdewyk, CEO and founder has led Bright Bucks Inc., which has created a white label or private label mobile app for non-profit charities to promote their missions and create new revenue streams. The ability to build a tighter community and more deeply engage their members, as well as a way to earn cash rewards for performing tasks or shopping creates new revenue streams for both the non-profit and their members. Members can then use the money or donate it to their nonprofit charity or other approved charities in the country. In this way, Bright Bucks supports philanthropy across the country.

Americans are very philanthropic. In June 2022, Giving USA revealed in its annual Report on Philanthropy that Americans donated $484.85 billion in 2021. This was 4 percent more than they donated in 2020 ($471.44 billion).

Individuals dominated charitable giving. They donated $326.87 billion in 2021, which was 67 percent of charitable dollars. Foundations were second with $90.88 billion in donations (19 percent of total contributions). Bequests were third with $46.01 billion (9 percent of donations), and corporations fourth with $21.08 billion (4 percent of donations).

The top cause that Americans donated to was religion, with 27 percent of charitable donations going to religious organizations. Education was second with 14 percent, followed by human services at 13 percent, and grant making foundations at 13 percent.

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