Facts about Charitable Giving for 2017 and Why You Need to Care

Annual report Donation to the US Every year, the non-profit sector awaits this important report.

Below are some of the key findings based on the Chronicle of Philanthropy report.

• 2016 was the third year of funding growth.
• In 2016, funding increased by 1.4% from 2015.
• Charitable donations are now an amazing $ 390 billion.
• Foundation donations increased by approximately 2% to $ 59.3 billion.
• Corporate donations increased by almost the same as $ 18.6 billion. [ Charity Chronicle paper Corporate donations are generally evolving with an emphasis on corporate sponsorship and CSR marketing.
• Charitable donations account for 2.1% of gross domestic product.

As usual, individuals shattered it with charitable donations.

But here we need to focus on how things can change.

1. The Trump administration is about to change tax laws. In such cases, increasing the standard deduction and abolishing the property tax can reduce donations. Millionaires and millionaires give a lot of money. Taxes are not the main driving force, but the structure of tax law so far has made the United States a charitable power on our planet.
2. As mentioned above, corporate donations are evolving. Companies are actively looking for win / win situations due to corporate social responsibility. According to reports, corporate donation teams are growing and many of these groups say the CEO is more involved in charity. The reason is simple. It makes economic sense for a company to become a good corporate citizen.
3. Donations to individuals are a special opportunity for non-profit organizations. As mentioned in a previous article, in the past peer-to-peer fundraising meant that one millionaire wanted a big major gift for charity to his peers and fellow millionaires . Currently, advances in technology and social media are democratizing peer-to-peer funding. Many non-profit organizations use personal donor fundraising pages, and millions of people are now asking friends for small gifts of $ 5 or $ 10.
4. Over the years, a lot of money was spent for religious purposes. They still have the largest slice of pie, and over $ 122 billion has been donated to religious charities. However, growth is flat. In the latest report, environmental and animal welfare organizations experienced the largest increase, up 6% from the previous year. I think this will continue to grow.

The non-profit sector is evolving and from a macro perspective, technology, social media, globalization, corporate profits, and the younger generation [although they always have different priorities] are changing You can see how charity continues to evolve.

I strongly believe that even greater changes are coming-perhaps not yet imagined. One factor is that Americans are growing with a focus on charity. Social responsibility is not just what we are talking about, but many people are walking.