Bank of America Private Bank study shows 89% of wealthy Americans give to charity in 2025

• Bank of America Private Bank research flagged a shift in wealthy U.S. philanthropy, led by Gen Z and Millennials using more complex giving tools.
• Survey showed 89% of wealthy Americans donated in 2025; 49% volunteered, up from 42% in 2023.
• Younger donors backed 12 causes on average versus eight overall; direct cash use fell to 56% versus 92% for older donors.
• Confidence in philanthropic succession weakened; 47% viewed the next generation as prepared, down from 55% in 2024.
• Donor-advised fund uptake remained limited at nearly 10%; 75% of users planned to raise contributions over three years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609300800PR_NEWS_USPR_____NY59746) on September 30, 2026, and is solely responsible for the information contained therein.