Giving USA 2026 report: US donations hit record $617.2bn; Musk questions charity impact

The Times of India

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Elon Musk voiced concerns about the effectiveness of philanthropy on a podcast, stating it's challenging to ensure donated money truly benefits people, not just creates an appearance of goodness.

This comes as US charitable giving hit a record $617 billion in 2025, with bequests and foundations showing significant growth.

Musk also reiterated his criticism of MacKenzie Scott's donations, calling them detrimental. ...

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Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

Fortune

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