Report: U.S. Charitable Giving Projected to Grow 4.8 Percent in 2015, 4.9 Percent in 2016
According to the report, economic factors that are expected to have the most significant, positive impact on giving in 2015 and 2016 include projected growth in the S&P 500 Index, U.S. Gross Domestic Product, household net worth and personal income, among other factors. However, the report stresses that certain conditions, such as changes in tax policy or significant changes in the world or U.S. economy could affect the predictions for giving.
“The Philanthropy Outlook provides a scientifically developed and tested look ahead at charitable giving based on the expertise of Indiana University and its Lilly Family School of Philanthropy,” said Donald M. Fellows, president and chief executive officer of Marts & Lundy. “We are pleased to present this outstanding new resource as part of our ongoing commitment to informing and serving nonprofit organizations and the philanthropic sector.”
The report’s research team employed econometric methodology to develop the projections for The Philanthropy Outlook. This type of methodology tests statistical relationships between variables. The researchers tested more than 16,000 combinations of economic variables that had the potential for influencing each source of giving, ultimately identifying 10 key predictors of giving.
The full report and a technical appendix on the methodology are at http://martsandlundy.com/the-philanthropy-outlook.
- See more at: http://www.philanthropy.iupui.edu/news/article/us-charitable-giving-projected-to-grow#sthash.kxtA7S0K.dpuf