By the numbers: Americans set records for charitable contributions

Illustration: Rebecca Zisser/Axios

Giving to charitable causes exceeded $400 billion for the first time in the U.S., an increase from nearly $390 billion in 2016, according to a study from Giving USA.

Why it matters: The study, released Tuesday, credits surpassing the $400 billion mark to "a booming stock market and a strong economy." But the charitable organizations that benefit religion, education, health and humanities, among others, have not seen that money from low and middle class families.