Wednesday, August 5, 2020

Giving USA vs. 2020 Giving

Giving USA released its 2020 report a month and a half ago or so. And the report had some good news for nonprofits: in 2019, giving increased from $431.43 billion in 2018 to $449.64 billion in 2019. In inflation-adjusted dollars, that represents a 2.4% increase.

And by and large, that increase came across the board--giving by individuals, foundations, and corporations rose. (Giving by bequest was essentially flat.) No charitable sector received less, but education, public-society benefit societies, arts, culture, and humanities, and environmental and animal charities received the largest increase in donations.

And what about the pandemic? Giving USA reports that although giving was significantly down in the first quarter of 2020, 80% of donors intend to maintain or increase their giving over the pandemic.

But will that be enough? One survey reports that up to 1/3 of charities anticipate that they may have to close within the next year as a result of the pandemic. And the Johns Hopkins Center for Civil Society Studies estimates that nonprofits shed 1.6 million jobs between March and May.

So what will the nonprofit sector look like when we finally emerge from the pandemic? At best it will look different.

Samuel D. Brunson

https://lawprofessors.typepad.com/nonprofit/2020/08/giving-usa-vs-2020-giving.html

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