Charitable giving is expected to increase by 4.1 percent this year and 4.3 percent next year, according to researchers at the Indiana University Lilly Family School of Philanthropy. Those increases would exceed the five-, 10- and 25-year annualized average rates of growth in total giving, and would fall just below the 40-year average growth rate of 4.4 percent.
The main forces driving this growth are: the projected growth in the U.S. stock market, the rise in personal income, the change in demographics, and the increase in net worths for households and nonprofits.
To find out who is looking to use their wealth to create a social impact and the tools nonprofits are using to engage these donors, click here for a comprehensive overview and a link to the full report.
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