Charitable giving dropped 2.1% in 2023 after inflation, according to the most recent Giving USA report, the key findings of which were released Tuesday. The international relief organization Project Hope says it’s been hard to get donors’ attention as more and more bad things happen in the world. Donations to international affairs dropped 1.
FILE - In this image provided by the U.S. Army, paratroopers assigned to the 82nd Airborne Division, assist with unloading humanitarian goods in support of the United States Agency for International Development in preparation of potential evacuees from Ukraine at the G2A Arena in Jasionka, Poland, on Feb. 25, 2022. Charitable giving dropped 2.1% in 2023 after inflation, according to the most recent Giving USA report, the key findings of which were released Tuesday, June 25, 2024.
“The organizations that we’re working with saw a slight decrease” in 2023, says Rick Dunham, founder of Dunham+Company, a fundraising consulting firm. “A lot of it has to do with the economy. Donors pulled back in the past year, primarily because of inflation and personal economic situations.
Similarly, all causes but one — giving to individuals — saw giving gains in current dollars. But giving to religion dropped 1%, to international affairs 1.6%, and to individuals 20.5% when adjusted for inflation. The report notes that contributions to causes that saw the biggest jumps — public-society benefit organizations and foundations — dropped 15% and 21%, respectively, from 2021 to 2022.
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