What Is the Charitable Forecast for 2018?
It’s a brand new year and with all the changes that have taken place in 2017, a good question circling the nonprofit space right now is what’s happening in our sector—or what’s to come in 2018?
We covered this extensively, but before we said goodbye to 2017, something big happened in the U.S., which has serious implications for our sector: the passing of the new tax bill.
So it’s more pertinent than ever for nonprofits to be prepared for what lies ahead.
As we take the time to ponder this, Winspire released an infographic titled, “Charitable Giving Forecasts for 2018,” so we are better prepared for the new year.
Giving increased by 3.6 percent in 2017, and it’s projected to continue to increase in 2018—with a 3.8 percent growth rate. In 2018, giving trends are projected to increase:
• 3.2 percent by individuals
• 6 percent by foundations
• 2.7 percent by corporations
• 5.2 percent by estates
And when it comes to which group makes up the bulk of total giving, a predicted 70 percent of individual giving will make up total giving, while 9 percent of estates, 16 percent of foundations and 5 percent of corporations will make up the remainder of total giving.
Furthermore, a growing trend that will continue in 2018 will be donor-advised funds. According to the infographic, “In recent years, ‘donor-advised funds’ have seen tremendous expansion. Most nonprofits are finding that the massive contributions available through these funds can be a huge boon to their fundraising.”
To see the full infographic, click here.