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Charitable giving in US tops $400 billion
Record-setting total driven by surging stock market, huge gifts from wealthy
Charitable giving tops $400 billion
In this Sept. 20, 2016, file photo, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, prepare for a speech in San Francisco. The Giving USA report, released June 12, 2018, said giving from individuals, estates, foundations and corporations reached an estimated $410 billion in 2017. The biggest increase was in giving to foundations, up 15.5 percent. This surge was driven by large gifts by major philanthropists to their own foundations, including $2 billion from Zuckerberg and Chan. - photo by ASSOCIATED PRESS/file
NEW YORK — Fueled by a surging stock market and huge gifts from billionaires, charitable giving in the United States in 2017 topped the $400 billion mark for the first time, according to the latest comprehensive report on Americans' giving patterns.
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