A report released last week projects solid growth for U.S. charitable giving in 2020 and 2021.
Giving will grow by 4.8% this year and by 5.1% next year, according to the report researched and written by the Indiana University Lilly Family School of Philanthropy and presented by strategic fundraising consultant Marts & Lundy.
“If the U.S. economy continues to be strong, we expect that charitable giving will also follow this trend, even recognizing that there may be more uncertainty in the global economy,” Una Osili, the school’s associate dean for research and international programs, said in a statement.
Uncertainty there is. Witness the global spread of Covid-19.
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Researchers produced the philanthropy outlook estimates by using recent economic data and analysis that considered factors that would affect charitable giving, according to the report.
They developed projections for total giving, and giving by source and to three types of recipient nonprofits, and described how different economic variables and other factors will affect giving in 2020 and 2021. They also examined the environment for philanthropy and long-term trends that may have an effect on giving.
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“The estimates for this year and next year anticipate solid growth in most sources of giving,” Osili said.