The Indiana University Lilly Family School of Philanthropy is pleased to mark our 20th year of partnering with the Bank of America to produce the 2025 Bank of America Study of Philanthropy. The Study found that eighty-one percent of affluent households gave with an average of $33,219 to charity in 2024.

Affluent donors are engaged with the philanthropic sector, with giving which extended to an average of five organizations a year.  Forty-three percent of individuals volunteered their time to philanthropic organizations in 2024, with nine in ten of those volunteers expressed that their volunteer work was personally fulfilling.

This Study provides actionable insights for donors, their advisors, and nonprofit organizations seeking to engage with them to improve the world.

This study is a continuation of the 2006, 2008, 2010, 2012 Bank of America Study of High Net Worth Philanthropy, the 2014, 2016, and 2018 U.S. Trust® Study of High Net Worth Philanthropy, and the 2021 and 2023 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households research series.

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