From demographic changes to tumultuous political dynamics and technological innovations, there are several factors that have not only influenced the way philanthropic organizations work but also how they compete for donor resources and attention. Of all these factors, changing demographics within the United States has left the most significant impact on charitable giving patterns.
Key findings from Giving USA 2023: The Annual Report on Philanthropy for the Year 2022 report that individuals, bequests, foundations, and corporations gave an estimated $499.33 billion to U.S. charities in 2022. Total giving decreased in 2022, a relatively rare occurrence usually seen during years with difficult or unusual economic conditions. Giving was influenced by stock market volatility and economic uncertainty. Total giving declined 3.4% in current dollars – down 10.5% after adjusting for inflation – from a revised total of $516.65 billion in 2021.
Over the past few years, nonprofits and charities have been under immense media scrutiny for how they use donor resources to deliver their charitable commitment. Being under the media’s microscope means that philanthropic organizations are not only required to ensure compliance with all applicable rules and regulations but also need to improve the way they communicate their expenses to enhance public understanding and confidence.
At Allen Austin, we help nonprofit organizations function in a professional and sustainable manner by providing them with the strategic insight and leadership they need to overcome challenges and leverage opportunities. We design and deliver customized leadership programs, helping nonprofits recruit, train, and retain executives who can lead their organization in the right direction.