By Patrick F. Cannon
Proving once again that we’re the most generous people on earth, charitable giving in the United States totaled an estimated $592.5 billion in 2024. Adjusted to inflation, this was a 3.3% increase over 2023.
A strong economy and stock market no doubt contributed to an eight percent increase in individual giving, and a corporate increase of nine percent. Religious giving declined slightly, although that category remains the largest at about 25% of the total. For example, Catholic Charities in the Archdiocese of Chicago raised $42 million last year.
Of course, the total doesn’t include the dollar bills we hand to folks at street corners, or (for me at least) at the entry to the local Jewel food store. I keep loose dollar bills in my car’s center console for this purpose. Some people think these folks just use the money to buy booze or drugs. Maybe some do, but I don’t worry about it.
In most years, I give about 10% of my income to various causes and organizations. I suppose it’s a variation on the religious practice of tithing. Most people probably do much the same, or even more. On the other hand, many of our new tech billionaires (and some of our old real estate developers) seem loathe to give much away. If they did, that $592.5 billion figure would easily reach a trillion dollars.
Bill Gates is a good example of an older techie who is now giving back. The legendary Warren Buffet intends to give most of his fortune away. There are plenty of historical precedents. Those of us originally from the Pittsburgh area will know the name Carnegie very well indeed. Before he sold them all to J.P. Morgan, almost all the steel mills in the Pittsburg area were part of the Carnegie-Illinois Steel Corporation (as were the mills in Gary, Indiana, and Chicago). But even before he sold out, he began to endow the creation of public libraries. The first one was in his home country of Scotland. The first of nearly 1,700 in this country was in my birthplace, Braddock, Pennsylvania. It’s still there, although not much of the rest of the town is.
The Carnegie name is also on many Pittsburgh’s museums – Art, Natural History, Science, and even the Andy Warhol. Then, of course, there’s the world-famous Carnegie-Mellon University, which brings up the Mellon family of Mellon Bank fame. Among their may contributions is the National Gallery in Washington. Heinz gave the world its best ketchup, but to Pittsburgh they also gave Heinz Hall and the Heinz History Center.
Let’s not forget the Rockefellers, Fords, Fields, Guggenheims, Rosenwalds, and many, many more. Some are now characterized as “robber barons.” In our “enlightened” times, we see them as greedy exploiters of their workers. Let’s face it, they weren’t unique in this, just more successful. And unbelievably, they tended to be highly religious. Carnegie was a stern and pious Presbyterian; and Rockefeller a Baptist who help found the University of Chicago and paid for its Rockefeller Chapel; and for the Riverside Church in Manhattan.
In the Chicago area, I’m a member of and minor donor to many cultural organizations, but their very founding and continued existence has and continues to depend on the financial support of people with serious wealth. For example, my fellow Northwestern University alum Pat Ryan is funding its new Stadium, but he and his wife Shirley have done so much more. For example, their Shirley Ryan Ability Lab in Chicago is the world’s leading rehabilitation facility.
So, who knows? Maybe the current iterations of the “robber barons,” including the current occupant, who is determined to make he and his pals even richer, will decide to give some of it away. I’m not holding my breath though.
Copyright 2025, Patrick F. Cannon