New AI methodology powers the latest million dollar list
New research from Indiana University Lilly Family School of Philanthropy examines charitable gifts of $1 million or more from 2021 to 2023. The Million-Dollar-Plus Giving in the United States, 2021–2023 report offers insights into how these donors responded to a rapidly changing environment.
A new Indiana University study has unveiled the latest million-dollar philanthropic list, shedding light on how high-net-worth donors responded to the tumultuous years of 2021-2023. The Million-Dollar-Plus Giving in the United States, 2021–2023 report, based on data from the Million Dollar List (MDL), reveals patterns in charitable gifts exceeding $1 million during this period.
The MDL, comprising publicly announced gifts from media reports and other sources, is not a comprehensive record but provides valuable insights into the behavior of affluent donors. During the COVID-19 pandemic and economic challenges, individuals, foundations, and corporations each played distinct roles in philanthropy. The report's improved methodology, powered by artificial intelligence, enables better categorization and processing of these significant donations.
While the MDL continues to track million-dollar-plus giving, future data from 2024 and beyond will determine if the observed patterns were a temporary reaction to extraordinary circumstances or a longer-term shift in philanthropic behavior. The study also explores how donors might respond to potential reductions in government funding and assesses the extent to which private philanthropy could fill the gaps.
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