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Donors of noncash gifts drop again, but value of gifts increases in 2021

Donors of noncash gifts drop again, but value of gifts increases in 2021

Donors of noncash gifts drop again, but value of gifts increases in 2021

The number of donors reporting noncash contributions on their individual tax returns dropped in tax year 2021, but the total value of their gifts increased, according to statistics released by the Internal Revenue Service in April. The numbers reflect a continuing trend from returns for 2019, the year before the pandemic, through 2020, the partial year of the pandemic, and 2021, a full year on the pandemic. Fewer donors are giving, but they are giving more money. A total of 2,967,551 donors reported noncash gifts in 2021, down from 3,060,119 in 2020 and 3,907,728 in 2019, a drop of nearly 25% from 2019. The value of the reported gifts increased, however, to $116.6 billion in 2021 from $82.5...

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