BUSINESSFORTUNE
Self-made multimillionaire says Canadians ‘give no money away’ compared with Americans—research shows U.S. giving is more than twice as high
Bill Holland, a Canadian multimillionaire, criticizes Canadians for donating less than Americans, citing data showing U.S. charitable giving is over twice Canada’s. Americans gave 1.22% of their income to charity in 2021 compared to 0.55% in Canada, with U.S. donations reaching $617 billion in 2023 versus $26.2 billion in Canada.
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- U.S. giving topped $600 billion for the first time last year. Megadonors and bequests are to thank
- Even as Elon Musk calls philanthropy ‘very hard,’ every day Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
- MacKenzie Scott alone accounted for one-third of America’s $19.2 billion in megagifts last year
- American giving hit $617 billion in 2025 — and the Paul Allen effect exposes who’s really driving it
- Elon Musk is bashing MacKenzie Scott's giving once again