Hot off the press! CCS Fundraising just published the 12th Edition (2023) of its Philanthropic Landscape report, and here are some of its opening notes:
Charitable giving in 2022 has initially been reported to total $499.33 billion, which would represent a decrease of $17.32 billion from 2021’s record-setting year. This amounts to a 3.4% decline in current dollars and a 10.5% decline when adjusted for inflation, notable in that 2022 is only the fourth current dollar decrease in philanthropy since Giving USA began tracking this trend in 1956. A complex combination of factors and dynamics may have influenced the initial appearance of a decrease in 2022. The S&P 500 declined by 25.4% in inflation-adjusted dollars between 2021 and 2022, which historically tends to impact giving, particularly from wealthy donors and large foundations that rely on their endowment investment performance. In addition, inflation reached a 40-year high of 8% in 2022, and the additional economic uncertainty and burden on American households further contributed to giving declines. Download your copy of the report here
|