2022 Charitable Gift Report

Our annual report provides critical insights on gift activity during 2021 and highlights ways in which donors can maximize the tax benefits of giving.

About This Report

BNY Mellon Wealth Management’s 2022 Charitable Gift Report assesses the philanthropic landscape, levels of giving over the past five years, and donor behavior, to provide insights, context and benchmarks.

This report provides analytics and observations on the charitable gift annuity (CGA) and charitable remainder trust (CRT) activity during the calendar year 2021 for 101 nonprofit organizations and the BNY Mellon Charitable Gift Fund.

Executive Summary

As the world moved toward a post-COVID era, a host of challenges have emerged — war in Europe, surging inflation, rising interest rates and the lingering impact of the pandemic.

Despite these challenges, the philanthropic community demonstrated tremendous resourcefulness and generosity. Many nonprofits found ways to pivot and discover new ways to build support for their missions and connect with supporters. Conversations focused on legacy and impact were prioritized and led many to move forward with their philanthropic plans.

Compared to 2020, gift activity for both charitable gift annuities and charitable trusts increased, and the BNY Mellon Charitable Gift Fund experienced a record year in the amount of contributions received.

To better understand some of the motivating factors for giving and gift techniques, we launched our inaugural charitable giving study in which we surveyed 200 HNW investors about their philanthropy (the full study is here).

Philanthropy will be forever changed by the events of the last few years. Going forward, it will be important for individuals and nonprofits alike to maintain the resilient, adaptive spirit that helped them overcome the challenges of the past if we are to improve our world and foster change through giving. This report is a resource intended to help facilitate that process.

To read more, please download the 2022 Charitable Gift Report.

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