The 2023 GivingTuesday event has raised an estimated $3.1 billion, a nominal increase of just 0.6 percent (roughly $18.5 million) over last year, the GivingTuesday Data Commons reports.

According to GivingTuesday, 34 million adults across the United States participated in the annual fundraising effort, a 10 percent decrease from last year. In 2022, 37 million adults participated (a 6 percent year-over-year increase), raising $3.1 billion, which was a 15 percent increase compared to 2021 and a 25 percent increase since 2020.

Established in 2012 at the 92nd Street Y in New York City—and supported by organizations and philanthropists including the Bill & Melinda Gates Foundation, MacKenzie Scott, Laurence and Carolyn Belfer, Craig Newmark Philanthropies, the Jesse Ball DuPont Fund, Fidelity Charitable, the Ford Fund, the Ford Foundation, Google.org, Microsoft, National Philanthropic Trust, Network for Good, PayPal, the Heinz Family Foundation, and Schwab Charitable—the event now engages people and communities in nearly 100 countries.

“Every year the creativity, commitment, time, and spirit put toward GivingTuesday by our leaders, community members, and many millions of generous people across every country is a reminder of what’s possible when we work together for the greater good,” said GivingTuesday CEO Asha Curran. “However, we are concerned to see a decline in participation in line with giving trends from the past year. Generosity has such important correlations with civic participation, community cohesion, and well-being.”

(Photo credit: GivingTuesday)