America has just completed a banner year for private giving. The 10 largest donations in 2019 amounted to $6.2 billion, up 8% from 2018. These went to a wide array of causes, and came from men and women of the right (Jim Walton, Karen Huntsman) and the left (George Soros, Eric Schmidt). When the total of all U.S. philanthropy becomes available this summer, it will show that Americans voluntarily gave away around $430 billion in 2019. Private giving builds institutions of civil society that provide valuable services, alleviating...

Source: Wall Street Journal January 09, 2020 00:11 UTC