A new report suggests that the outlook for philanthropy is positive for the next two years. Specifically, United States charitable giving will increase 3.6% this year and 3.8% next year. In contrast, over the past ten years, the average total increase was only 0.5%. Donations are expected to increase due to improvements in the overall economy and the stock market as well as increases in gross domestic product and household incomes. Philanthropic giving by foundations will comprise the greatest percentage of growth followed by donations from estates. Also, giving to health causes is predicted to grow the most at 8.5% in 2017. As a result, charitable organizations should seek to communicate their needs with potential donors.
See Karen Demasters, Donors Predicted to Give More in 2017, 2018, Financial Advisor, January 13, 2017.
